Key Points
- Insider purchase: Max Bouthillette bought 16,500 shares at $1.67 each (totaling $27,555) on Dec. 16, increasing his stake to 142,865 shares (a 13.06% ownership gain) as disclosed in an SEC filing.
- Weak stock and financials: KLXE shares slid 6.3% (opened $1.64) and trade near their 12‑month low ($1.46) with a market cap of ~$29.3M, a negative PE, quarterly EPS of $(0.88), and analysts projecting ~-2.79 EPS for the year.
- Analyst sentiment: Recent analyst actions are mixed but the consensus rating is "Reduce," and institutional investors own about 42.7% of the stock.
KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report) insider Max Bouthillette bought 16,500 shares of the business's stock in a transaction on Tuesday, December 16th. The shares were purchased at an average cost of $1.67 per share, for a total transaction of $27,555.00. Following the completion of the purchase, the insider owned 142,865 shares in the company, valued at approximately $238,584.55. This trade represents a 13.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
KLX Energy Services Stock Down 6.3%
Shares of KLX Energy Services stock opened at $1.64 on Wednesday. KLX Energy Services Holdings, Inc. has a 12 month low of $1.46 and a 12 month high of $7.40. The stock has a market cap of $29.26 million, a PE ratio of -0.38 and a beta of 0.42. The business has a fifty day simple moving average of $1.74 and a 200-day simple moving average of $1.87.
KLX Energy Services (NASDAQ:KLXE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 26th. The company reported ($0.88) earnings per share (EPS) for the quarter. The company had revenue of $159.00 million during the quarter. Analysts expect that KLX Energy Services Holdings, Inc. will post -2.79 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Zacks Research raised shares of KLX Energy Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, November 25th. Wall Street Zen raised shares of KLX Energy Services to a "hold" rating in a research note on Saturday. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of KLX Energy Services in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce".
Check Out Our Latest Research Report on KLX Energy Services
Institutional Trading of KLX Energy Services
A number of institutional investors have recently added to or reduced their stakes in KLXE. Boothbay Fund Management LLC bought a new stake in KLX Energy Services in the second quarter worth approximately $30,000. PNC Financial Services Group Inc. raised its holdings in shares of KLX Energy Services by 45.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,067 shares of the company's stock valued at $63,000 after purchasing an additional 5,658 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of KLX Energy Services in the 3rd quarter valued at $36,000. Meteora Capital LLC bought a new stake in KLX Energy Services in the second quarter worth $37,000. Finally, Raymond James Financial Inc. boosted its holdings in KLX Energy Services by 532.0% in the third quarter. Raymond James Financial Inc. now owns 22,115 shares of the company's stock worth $42,000 after purchasing an additional 18,616 shares in the last quarter. 42.69% of the stock is currently owned by institutional investors and hedge funds.
About KLX Energy Services
(
Get Free Report)
KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules.
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