Goldman Sachs Group Inc: Key Energy Services Inc Reports decreased Stake

Key Energy Services, Inc. (NYSE:KEG) Logo

Goldman Sachs Group Inc Reported reduced Stake in Key Energy Services Inc

Goldman Sachs Group Inc filed with SEC a SC 13D/A form for Key Energy Services Inc. It can be found at: 000119312519222506. As reported by Goldman Sachs Group Inc, the filler decreased its stake in the stock by -71.44 % for 891,972 shares. Goldman Sachs Group Inc currently owns 4.4% of the Energy- stock. Date of activity: August 9, 2019.

The institutional investor with about $614.00 billion looks more negative after reporting such a decrease of its Key Energy Services Inc ownership.

SEC Form 13D.

Goldman Sachs Group Inc website.

The stock decreased 6.47% or $0.09 during the last trading session, reaching $1.3. About 194,608 shares traded. Key Energy Services, Inc. (NYSE:KEG) has declined 81.78% since August 15, 2018 and is downtrending. It has underperformed by 81.78% the S&P500.

Key Energy Services, Inc. operates as an onshore rig well servicing contractor. The company has market cap of $26.54 million. It operates through U.S. It currently has negative earnings. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International divisions.

Key Energy Services, Inc. (NYSE:KEG) Ratings Coverage

Among 2 analysts covering Key Energy Services (NYSE:KEG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Key Energy Services has $5 highest and $2.75 lowest target. $3.88’s average target is 198.46% above currents $1.3 stock price. Key Energy Services had 4 analyst reports since February 27, 2019 according to SRatingsIntel. The stock has “Buy” rating by Seaport Global on Wednesday, February 27. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, March 5.

More notable recent Key Energy Services, Inc. (NYSE:KEG) news were published by: Benzinga.com which released: “30 Stocks Moving In Tuesday’s Pre-Market Session – Benzinga” on May 28, 2019, also Globenewswire.com with their article: “Key Energy Services Announces Appointment of Rob Saltiel as New President and Chief Executive Officer – GlobeNewswire” published on August 19, 2018, Seekingalpha.com published: “Key Energy Services Is Still Under Pressure, But Recovery Signs Are In Sight – Seeking Alpha” on March 05, 2019. More interesting news about Key Energy Services, Inc. (NYSE:KEG) were released by: Seekingalpha.com and their article: “Hard Times Ahead At Key Energy Services – Seeking Alpha” published on July 08, 2019 as well as Schaeffersresearch.com‘s news article titled: “Mattel Stock Sinks on Scathing Short Seller Note – Schaeffers Research” with publication date: April 22, 2019.

Key Energy Services, Inc. (NYSE:KEG) Ratings Chart

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