Key Energy Services, Inc. (KEG) Director Purchases $225,000.00 in Stock

Key Energy Services, Inc. (NYSE:KEG) Director Scott D. Vogel acquired 25,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was acquired at an average cost of $9.00 per share, with a total value of $225,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Key Energy Services, Inc. (KEG) opened at $10.40 on Monday. Key Energy Services, Inc. has a 12 month low of $8.20 and a 12 month high of $38.00.

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in Key Energy Services in the second quarter worth approximately $654,000. Schwab Charles Investment Management Inc. purchased a new position in Key Energy Services in the second quarter worth approximately $339,000. Boston Partners purchased a new position in Key Energy Services in the third quarter worth approximately $2,242,000. Rhumbline Advisers purchased a new position in Key Energy Services in the second quarter worth approximately $253,000. Finally, Energy Opportunities Capital Management LLC purchased a new position in Key Energy Services in the second quarter worth approximately $559,000. Institutional investors own 49.21% of the company’s stock.

KEG has been the subject of several recent research reports. Piper Jaffray Companies set a $27.00 price objective on shares of Key Energy Services and gave the company a “buy” rating in a research note on Wednesday, August 9th. Nomura set a $17.00 price objective on shares of Key Energy Services and gave the company a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research lowered shares of Key Energy Services from a “buy” rating to a “sell” rating in a research note on Tuesday, August 15th. Evercore ISI reissued an “in-line” rating and issued a $11.00 price objective on shares of Key Energy Services in a research note on Tuesday, September 5th. Finally, Johnson Rice initiated coverage on shares of Key Energy Services in a research note on Thursday, September 21st. They issued an “accumulate” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.17.

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About Key Energy Services

Key Energy Services, Inc is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies, foreign national oil companies, and independent oil and natural gas production companies. The Company operates in five segments: U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International.

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