Fine Capital Partners L.P. lifted its position in Key Energy Services, Inc. (NYSE:KEG) by 59.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,004,038 shares of the oil and gas company’s stock after purchasing an additional 374,492 shares during the quarter. Key Energy Services comprises about 1.4% of Fine Capital Partners L.P.’s holdings, making the stock its 17th biggest holding. Fine Capital Partners L.P. owned approximately 4.99% of Key Energy Services worth $13,223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Nationwide Fund Advisors purchased a new position in Key Energy Services during the second quarter worth about $108,000. The Manufacturers Life Insurance Company boosted its stake in Key Energy Services by 46,163.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,178 shares of the oil and gas company’s stock worth $195,000 after buying an additional 10,156 shares during the period. New York State Common Retirement Fund purchased a new position in Key Energy Services during the second quarter worth about $212,000. Rhumbline Advisers purchased a new position in Key Energy Services during the second quarter worth about $253,000. Finally, Swiss National Bank purchased a new position in Key Energy Services during the second quarter worth about $258,000. 49.21% of the stock is owned by hedge funds and other institutional investors.

KEG has been the subject of several research analyst reports. Johnson Rice initiated coverage on shares of Key Energy Services in a research note on Thursday, September 21st. They set an “accumulate” rating for the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $17.00 target price on shares of Key Energy Services in a research note on Tuesday, September 19th. Zacks Investment Research raised shares of Key Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Nomura set a $17.00 target price on shares of Key Energy Services and gave the stock a “hold” rating in a research note on Friday, August 11th. Finally, Evercore ISI assumed coverage on shares of Key Energy Services in a research note on Tuesday, September 5th. They set an “in-line” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $18.17.

In other Key Energy Services news, Director Scott D. Vogel purchased 25,000 shares of Key Energy Services stock in a transaction dated Thursday, November 16th. The shares were acquired at an average price of $9.00 per share, with a total value of $225,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.96% of the stock is currently owned by corporate insiders.

Shares of Key Energy Services, Inc. (NYSE KEG) traded down $0.11 on Thursday, hitting $9.82. 66,600 shares of the stock traded hands, compared to its average volume of 114,247. Key Energy Services, Inc. has a 1-year low of $8.20 and a 1-year high of $38.00.

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Key Energy Services Company Profile

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.

Institutional Ownership by Quarter for Key Energy Services (NYSE:KEG)

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