Vanguard Group Inc. raised its stake in shares of Key Energy Services, Inc. (NYSE:KEG) by 20.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 291,977 shares of the oil and gas company’s stock after buying an additional 49,002 shares during the quarter. Vanguard Group Inc. owned about 1.45% of Key Energy Services worth $5,618,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Nationwide Fund Advisors acquired a new stake in shares of Key Energy Services during the second quarter worth $108,000. New York State Common Retirement Fund acquired a new stake in shares of Key Energy Services during the second quarter worth $212,000. Rhumbline Advisers acquired a new stake in shares of Key Energy Services during the second quarter worth $253,000. Swiss National Bank acquired a new stake in shares of Key Energy Services during the second quarter worth $258,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of Key Energy Services during the second quarter worth $339,000. Hedge funds and other institutional investors own 49.21% of the company’s stock.

Shares of Key Energy Services, Inc. (NYSE KEG) traded up $0.12 on Thursday, hitting $10.27. The company had a trading volume of 105,200 shares, compared to its average volume of 114,263. Key Energy Services, Inc. has a twelve month low of $8.20 and a twelve month high of $38.00.

In other news, Director Scott D. Vogel bought 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average cost of $9.00 per share, with a total value of $225,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

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

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

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