California State Teachers Retirement System Invests $352,000 in Key Energy Services, Inc. (KEG) Stock

California State Teachers Retirement System bought a new position in shares of Key Energy Services, Inc. (NYSE:KEG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 18,300 shares of the oil and gas company’s stock, valued at approximately $352,000. California State Teachers Retirement System owned approximately 0.09% of Key Energy Services at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Fine Capital Partners L.P. lifted its position in shares of Key Energy Services by 179.6% during the second quarter. Fine Capital Partners L.P. now owns 629,546 shares of the oil and gas company’s stock valued at $12,112,000 after buying an additional 404,361 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Key Energy Services by 20.2% during the second quarter. Vanguard Group Inc. now owns 291,977 shares of the oil and gas company’s stock valued at $5,618,000 after buying an additional 49,002 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Key Energy Services by 26.0% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 245,250 shares of the oil and gas company’s stock valued at $4,719,000 after buying an additional 50,650 shares during the last quarter. Balyasny Asset Management LLC lifted its position in shares of Key Energy Services by 18.6% during the second quarter. Balyasny Asset Management LLC now owns 227,534 shares of the oil and gas company’s stock valued at $4,378,000 after buying an additional 35,762 shares during the last quarter. Finally, State Street Corp purchased a new stake in shares of Key Energy Services during the second quarter valued at about $2,174,000. Institutional investors own 49.21% of the company’s stock.

Several analysts have commented on KEG shares. Zacks Investment Research lowered shares of Key Energy Services from a “buy” rating to a “sell” rating in a research report on Tuesday, August 15th. Evercore ISI reissued an “in-line” rating and set a $11.00 price target on shares of Key Energy Services in a research report on Tuesday, September 5th. Piper Jaffray Companies reissued 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, Johnson Rice initiated coverage on shares of Key Energy Services in a research report on Thursday, September 21st. They set an “accumulate” rating for the company. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.17.

Shares of Key Energy Services, Inc. (KEG) traded up $0.06 during trading on Tuesday, hitting $9.97. 159,400 shares of the company traded hands, compared to its average volume of 114,115. Key Energy Services, Inc. has a 52-week low of $8.20 and a 52-week high of $38.00.

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

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Key Energy Services 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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