Key Energy Services Inc (NYSE:KEG) rose 0.3% during trading on Wednesday . The stock traded as high as $4.24 and last traded at $4.00. Approximately 5,622 shares were traded during trading, a decline of 98% from the average daily volume of 293,650 shares. The stock had previously closed at $3.99.

KEG has been the topic of several research analyst reports. ValuEngine lowered shares of Key Energy Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 7th. Piper Jaffray Companies set a $3.00 target price on shares of Key Energy Services and gave the stock a “hold” rating in a research report on Thursday, December 27th. Seaport Global Securities set a $9.00 target price on shares of Key Energy Services and gave the stock a “buy” rating in a research report on Friday, December 7th. Capital One Financial lowered shares of Key Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 16th. Finally, Zacks Investment Research upgraded shares of Key Energy Services from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.35.

The stock has a market capitalization of $88.51 million, a P/E ratio of -1.10 and a beta of 2.95.

In other Key Energy Services news, insider Robert J. Saltiel acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were acquired at an average cost of $1.86 per share, for a total transaction of $37,200.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott D. Vogel acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was acquired at an average price of $1.98 per share, for a total transaction of $99,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 496,979 shares of company stock worth $1,282,817 over the last 90 days. Insiders own 3.96% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Putnam Investments LLC purchased a new stake in shares of Key Energy Services in the 3rd quarter worth about $1,343,000. Teachers Advisors LLC boosted its position in shares of Key Energy Services by 20.6% in the 3rd quarter. Teachers Advisors LLC now owns 30,850 shares of the oil and gas company’s stock worth $353,000 after buying an additional 5,273 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of Key Energy Services by 44.0% in the 3rd quarter. Federated Investors Inc. PA now owns 145,715 shares of the oil and gas company’s stock worth $1,667,000 after buying an additional 44,540 shares in the last quarter. Northern Trust Corp boosted its position in shares of Key Energy Services by 2.8% in the 2nd quarter. Northern Trust Corp now owns 476,157 shares of the oil and gas company’s stock worth $7,733,000 after buying an additional 13,145 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Key Energy Services by 6.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 202,921 shares of the oil and gas company’s stock worth $2,321,000 after buying an additional 12,902 shares in the last quarter. Institutional investors and hedge funds own 49.45% of the company’s stock.

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Key Energy Services Company Profile (NYSE:KEG)

Key Energy Services, Inc operates as an onshore rig-based well servicing contractor in the United States. The company's U.S. Rig Services segment is involved in the completion of newly drilled wells; workover and recompletion of existing oil and natural gas wells; well maintenance activities; and plugging and abandonment of wells at the end of their lives, as well as provision of specialty drilling services to oil and natural gas producers.

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