Boston Partners acquired a new position in Key Energy Services, Inc. (NYSE:KEG) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 170,272 shares of the oil and gas company’s stock, valued at approximately $2,242,000. Boston Partners owned 0.85% of Key Energy Services as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in KEG. Parkwood LLC increased its holdings in shares of Key Energy Services by 29.0% in the 2nd quarter. Parkwood LLC now owns 26,555 shares of the oil and gas company’s stock worth $511,000 after acquiring an additional 5,965 shares during the period. Schwab Charles Investment Management Inc. acquired a new stake in shares of Key Energy Services in the 2nd quarter worth about $339,000. Rhumbline Advisers acquired a new stake in shares of Key Energy Services in the 2nd quarter worth about $253,000. Bank of New York Mellon Corp acquired a new stake in shares of Key Energy Services in the 2nd quarter worth about $654,000. Finally, Swiss National Bank acquired a new stake in shares of Key Energy Services in the 2nd quarter worth about $258,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on KEG shares. Piper Jaffray Companies set a $27.00 price objective on shares of Key Energy Services and gave the stock a “buy” rating in a report on Wednesday, August 9th. Nomura set a $17.00 price objective on shares of Key Energy Services and gave the stock a “hold” rating in a report on Friday, August 11th. Zacks Investment Research cut shares of Key Energy Services from a “buy” rating to a “sell” rating in a report on Tuesday, August 15th. Evercore ISI reaffirmed an “in-line” rating and issued a $11.00 price objective on shares of Key Energy Services in a report on Tuesday, September 5th. Finally, Johnson Rice started coverage on shares of Key Energy Services in a report on Thursday, September 21st. They issued an “accumulate” rating on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $18.17.

In related news, Director Scott D. Vogel bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of $9.00 per share, for a total transaction of $225,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Key Energy Services, Inc. (NYSE:KEG) opened at $10.14 on Monday. Key Energy Services, Inc. has a 12-month low of $8.20 and a 12-month 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.

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

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