KLX Energy Services Holdings Inc (NASDAQ:KLXE) VP Gary J. Roberts acquired 33,821 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was acquired at an average cost of $11.36 per share, for a total transaction of $384,206.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
KLXE stock opened at $10.45 on Friday. The stock’s 50 day simple moving average is $15.19 and its 200 day simple moving average is $22.50. The stock has a market capitalization of $276.40 million and a PE ratio of 6.67. The company has a current ratio of 3.28, a quick ratio of 2.87 and a debt-to-equity ratio of 0.63. KLX Energy Services Holdings Inc has a 12-month low of $10.11 and a 12-month high of $36.13.
KLX Energy Services (NASDAQ:KLXE) last released its quarterly earnings results on Wednesday, August 21st. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.17). The firm had revenue of $164.90 million for the quarter, compared to the consensus estimate of $175.05 million. KLX Energy Services had a negative net margin of 1.13% and a positive return on equity of 10.08%. KLX Energy Services’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, research analysts predict that KLX Energy Services Holdings Inc will post 1.19 earnings per share for the current year.
KLXE has been the topic of several analyst reports. ValuEngine cut KLX Energy Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 23rd. Piper Jaffray Companies cut KLX Energy Services from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $29.50 to $25.50 in a research report on Thursday, May 30th. Finally, Zacks Investment Research raised KLX Energy Services from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $26.75.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in KLX Energy Services in the 1st quarter valued at approximately $189,000. Louisiana State Employees Retirement System bought a new stake in KLX Energy Services in the 1st quarter valued at approximately $211,000. Nisa Investment Advisors LLC bought a new stake in KLX Energy Services in the 1st quarter valued at approximately $186,000. Investec Asset Management LTD bought a new stake in KLX Energy Services in the 1st quarter valued at approximately $10,055,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in KLX Energy Services in the 1st quarter valued at approximately $136,000. 86.72% of the stock is currently owned by hedge funds and other institutional investors.
About KLX Energy Services
KLX Energy Services Holdings, Inc provides completion, intervention, and production services and products to the onshore oil and gas producing regions of the United States. It offers a range of technical services, and related tools and equipment to companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves.
See Also: What is a CD ladder?
Receive News & Ratings for KLX Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLX Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.