Key Points
- Insider Max Bouthillette bought 30,000 KLX Energy Services shares at $1.02 each, a $30,600 purchase that increased his holdings by 13.29% to 255,697 shares.
- KLX reported quarterly revenue of $185.6 million, above estimates, but its loss of $0.44 per share was wider than analysts expected at $0.35.
- Analyst sentiment is negative: the stock carries an average “Reduce” rating, while shares recently traded near $1.16, well below their 52-week high of $4.50.
KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report) insider Max Bouthillette acquired 30,000 shares of the company's stock in a transaction on Monday, November 9th. The stock was acquired at an average price of $1.02 per share, with a total value of $30,600.00. Following the acquisition, the insider owned 255,697 shares in the company, valued at approximately $260,810.94. This trade represents a 13.29% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
KLX Energy Services Price Performance
Shares of KLXE stock opened at $1.16 on Friday. The company has a debt-to-equity ratio of 479.00, a quick ratio of 0.97 and a current ratio of 1.18. KLX Energy Services Holdings, Inc. has a fifty-two week low of $0.92 and a fifty-two week high of $4.50. The firm has a market cap of $24.86 million, a P/E ratio of -0.37 and a beta of 0.81. The business's 50 day moving average price is $1.31 and its 200-day moving average price is $2.25.
KLX Energy Services (NASDAQ:KLXE - Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.09). The company had revenue of $185.60 million during the quarter, compared to the consensus estimate of $182.50 million. On average, equities research analysts anticipate that KLX Energy Services Holdings, Inc. will post -1.27 earnings per share for the current year.
Hedge Funds Weigh In On KLX Energy Services
A number of institutional investors have recently bought and sold shares of the stock. Steel Partners Holdings L.P. bought a new position in KLX Energy Services in the third quarter worth about $12,333,000. Fidelity National Financial Inc. bought a new stake in KLX Energy Services during the 3rd quarter valued at approximately $1,354,000. Kestra Advisory Services LLC boosted its position in KLX Energy Services by 183.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 572,215 shares of the company's stock valued at $830,000 after acquiring an additional 370,336 shares in the last quarter. Engineers Gate Manager LP bought a new stake in KLX Energy Services during the 2nd quarter valued at approximately $72,000. Finally, NewEdge Advisors LLC bought a new stake in KLX Energy Services during the 2nd quarter valued at approximately $65,000. 42.69% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded shares of KLX Energy Services from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce".
Check Out Our Latest Research Report on KLXE
About KLX Energy Services
(
Get Free Report)
KLX Energy Services Holdings, Inc. provides technical oilfield services and equipment to exploration and production companies operating primarily in the United States. The company supports onshore drilling, completion and production activities, helping customers construct, maintain and optimize oil and natural gas wells. Its service portfolio includes well-intervention and completion services such as coiled tubing, wireline, pressure pumping, stimulation, snubbing, well testing and related technical services.
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