ValuEngine upgraded shares of Key Energy Services (NYSE:KEG) from a hold rating to a buy rating in a report released on Tuesday.

Separately, Zacks Investment Research cut Key Energy Services from a hold rating to a sell rating in a research note on Wednesday, May 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $17.67.

Shares of NYSE KEG opened at $13.16 on Tuesday. Key Energy Services has a 1-year low of $8.20 and a 1-year high of $18.40. The company has a market cap of $278.97 million, a price-to-earnings ratio of -2.07 and a beta of 1.92.

Key Energy Services (NYSE:KEG) last released its earnings results on Wednesday, August 8th. The oil and gas company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.10). The firm had revenue of $144.41 million during the quarter, compared to analysts’ expectations of $141.20 million. equities analysts predict that Key Energy Services will post -3.32 EPS for the current fiscal year.

In other news, SVP Scott P. Miller sold 8,606 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $12.93, for a total transaction of $111,275.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.96% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in shares of Key Energy Services by 1,509.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,128 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 6,685 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of Key Energy Services during the second quarter valued at approximately $203,000. California Public Employees Retirement System purchased a new stake in shares of Key Energy Services in the first quarter valued at approximately $161,000. Dimensional Fund Advisors LP purchased a new stake in shares of Key Energy Services in the first quarter valued at approximately $176,000. Finally, Deutsche Bank AG boosted its holdings in shares of Key Energy Services by 149.4% in the fourth quarter. Deutsche Bank AG now owns 24,319 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 14,567 shares during the period. 47.00% of the stock is currently owned by hedge funds and other institutional investors.

About Key Energy Services

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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