Goldman Sachs Group Inc: Key Energy Services Inc decreased Its 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. On Wednesday, February 27 the stock rating was maintained by Seaport Global with “Buy”. The firm earned “Hold” rating on Tuesday, March 5 by Piper Jaffray.

More notable recent Key Energy Services, Inc. (NYSE:KEG) news were published by: Bizjournals.com which released: “Another Houston energy co. gets delisting warning – Houston Business Journal” on July 02, 2019, also Seekingalpha.com with their article: “Key Energy Services Is Still Under Pressure, But Recovery Signs Are In Sight – Seeking Alpha” published on March 05, 2019, Schaeffersresearch.com published: “Mattel Stock Sinks on Scathing Short Seller Note – Schaeffers Research” on April 22, 2019. More interesting news about Key Energy Services, Inc. (NYSE:KEG) were released by: Seekingalpha.com and their article: “Key Energy Services, Inc. (KEG) CEO Rob Saltiel on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” published on February 26, 2019 as well as Globenewswire.com‘s news article titled: “Key Energy Services Provides First Quarter 2019 Earnings Release and Conference Call Information – GlobeNewswire” with publication date: April 17, 2019.

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

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