Soter Capital, Llc Acquires 128,113 Shares of Key Energy Services Inc (KEG) Stock

Key Energy Services Inc (NYSE:KEG) major shareholder Soter Capital, Llc bought 128,113 shares of Key Energy Services stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $3.98 per share, with a total value of $509,889.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Soter Capital, Llc also recently made the following trade(s):

  • On Monday, March 4th, Soter Capital, Llc bought 22,347 shares of Key Energy Services stock. The shares were acquired at an average price of $2.86 per share, with a total value of $63,912.42.
  • On Tuesday, February 26th, Soter Capital, Llc bought 253,519 shares of Key Energy Services stock. The shares were acquired at an average price of $2.09 per share, with a total value of $529,854.71.

Shares of KEG stock traded up $1.15 on Friday, hitting $6.15. 1,016,625 shares of the stock traded hands, compared to its average volume of 319,908. The firm has a market cap of $88.51 million, a P/E ratio of -1.35 and a beta of 2.95. Key Energy Services Inc has a 1-year low of $1.59 and a 1-year high of $18.40.

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of Key Energy Services by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 98,509 shares of the oil and gas company’s stock valued at $203,000 after acquiring an additional 4,565 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Key Energy Services by 20.6% during the 3rd quarter. Teachers Advisors LLC now owns 30,850 shares of the oil and gas company’s stock valued at $353,000 after acquiring an additional 5,273 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Key Energy Services by 6.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 202,921 shares of the oil and gas company’s stock valued at $2,321,000 after acquiring an additional 12,902 shares in the last quarter. Northern Trust Corp raised its position in shares of Key Energy Services by 2.8% during the 2nd quarter. Northern Trust Corp now owns 476,157 shares of the oil and gas company’s stock valued at $7,733,000 after acquiring an additional 13,145 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Key Energy Services in the fourth quarter worth $28,000. 49.45% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on KEG shares. ValuEngine cut Key Energy Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 7th. Piper Jaffray Companies set a $3.00 price target on Key Energy Services and gave the company a “hold” rating in a research report on Thursday, December 27th. Seaport Global Securities set a $9.00 price target on Key Energy Services and gave the company a “buy” rating in a research report on Friday, December 7th. Capital One Financial lowered Key Energy Services from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 16th. Finally, Zacks Investment Research raised Key Energy Services from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Key Energy Services currently has an average rating of “Hold” and an average price target of $7.35.

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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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