Goldman Sachs Group Inc Sold More Key Energy Services Inc Shares

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 firm earned “Hold” rating on Tuesday, March 5 by Piper Jaffray. Seaport Global maintained it with “Buy” rating and $5 target in Wednesday, February 27 report.

More notable recent Key Energy Services, Inc. (NYSE:KEG) news were published by: Globenewswire.com which released: “Key Energy Services Provides Second Quarter 2019 Earnings Release and Conference Call Information – GlobeNewswire” on July 26, 2019, also Seekingalpha.com with their article: “Hard Times Ahead At Key Energy Services – Seeking Alpha” published on July 08, 2019, Globenewswire.com published: “Key Energy Services to Present at the Bank of America Merrill Lynch 2018 Leveraged Finance Conference – GlobeNewswire” on November 28, 2018. More interesting news about Key Energy Services, Inc. (NYSE:KEG) were released by: Seekingalpha.com and their article: “Key Energy Services Is Unlikely To Get Over The Slump Soon – Seeking Alpha” published on May 28, 2019 as well as Seekingalpha.com‘s news article titled: “Avoid Key Energy – Seeking Alpha” with publication date: January 18, 2016.

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

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