J Marshall Dodson Sells 1,390 Shares of Key Energy Services, Inc. (KEG) Stock

Key Energy Services, Inc. (NYSE:KEG) CFO J Marshall Dodson sold 1,390 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $13.61, for a total value of $18,917.90. Following the sale, the chief financial officer now directly owns 97,120 shares of the company’s stock, valued at $1,321,803.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

J Marshall Dodson also recently made the following trade(s):

  • On Tuesday, December 26th, J Marshall Dodson sold 1,389 shares of Key Energy Services stock. The stock was sold at an average price of $12.00, for a total value of $16,668.00.

Key Energy Services, Inc. (NYSE:KEG) traded up $1.26 during midday trading on Thursday, hitting $14.89. The stock had a trading volume of 200,652 shares, compared to its average volume of 270,967. Key Energy Services, Inc. has a 12 month low of $8.20 and a 12 month high of $38.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KEG. Nationwide Fund Advisors acquired a new stake in shares of Key Energy Services in the 2nd quarter valued at approximately $108,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Key Energy Services by 46,163.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,178 shares of the oil and gas company’s stock valued at $195,000 after buying an additional 10,156 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Key Energy Services in the 2nd quarter valued at approximately $212,000. Rhumbline Advisers acquired a new stake in shares of Key Energy Services in the 2nd quarter valued at approximately $253,000. Finally, Swiss National Bank acquired a new stake in Key Energy Services during the 2nd quarter valued at $258,000. 49.21% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on the company. Johnson Rice assumed coverage on Key Energy Services in a research report on Thursday, September 21st. They set an “accumulate” rating for the company. Seaport Global Securities raised Key Energy Services from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $17.00 price target on shares of Key Energy Services in a research report on Tuesday, September 19th. Finally, Zacks Investment Research raised Key Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.17.

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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.

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