Insider Selling: Key Energy Services, Inc. (KEG) SVP Sells 6,092 Shares of Stock

Key Energy Services, Inc. (NYSE:KEG) SVP Katherine Hargis sold 6,092 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $15.00, for a total value of $91,380.00. Following the completion of the sale, the senior vice president now owns 37,381 shares of the company’s stock, valued at $560,715. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Katherine Hargis also recently made the following trade(s):

  • On Friday, January 5th, Katherine Hargis sold 537 shares of Key Energy Services stock. The shares were sold at an average price of $14.87, for a total value of $7,985.19.
  • On Wednesday, December 27th, Katherine Hargis sold 537 shares of Key Energy Services stock. The shares were sold at an average price of $12.35, for a total value of $6,631.95.

Key Energy Services, Inc. (NYSE KEG) opened at $16.09 on Wednesday. Key Energy Services, Inc. has a 52 week low of $8.20 and a 52 week high of $37.42.

Key Energy Services (NYSE:KEG) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($1.56) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.31) by ($0.25). The company had revenue of $110.65 million during the quarter, compared to analysts’ expectations of $111.85 million. analysts predict that Key Energy Services, Inc. will post -6.72 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new position in Key Energy Services during the 2nd quarter worth $654,000. Boston Partners acquired a new position in Key Energy Services during the 3rd quarter worth $2,242,000. Schwab Charles Investment Management Inc. acquired a new position in Key Energy Services during the 2nd quarter worth $339,000. Northern Trust Corp acquired a new position in Key Energy Services during the 2nd quarter worth $1,723,000. Finally, TIAA CREF Investment Management LLC acquired a new position in Key Energy Services during the 2nd quarter worth $526,000. Institutional investors own 49.21% of the company’s stock.

A number of equities research analysts have recently weighed in on KEG shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $17.00 price target on shares of Key Energy Services in a report on Tuesday, September 19th. Zacks Investment Research upgraded Key Energy Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Johnson Rice started coverage on Key Energy Services in a research note on Thursday, September 21st. They set an “accumulate” rating for the company. Finally, Seaport Global Securities upgraded Key Energy Services from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus 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.

Insider Buying and Selling by Quarter for Key Energy Services (NYSE:KEG)

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