Shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE) have been given an average broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.
Brokers have set a 1 year consensus target price of $21.42 for the company and are expecting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given KLX Energy Services an industry rank of 237 out of 255 based on the ratings given to its competitors.
KLXE has been the subject of several recent analyst reports. ValuEngine upgraded KLX Energy Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded KLX Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, October 24th.
Shares of KLXE stock traded up $0.43 during trading hours on Friday, hitting $9.76. 165,100 shares of the company’s stock were exchanged, compared to its average volume of 183,013. KLX Energy Services has a 52 week low of $7.75 and a 52 week high of $30.48. The stock’s 50-day moving average is $8.75 and its 200-day moving average is $15.88. The stock has a market cap of $229.20 million, a price-to-earnings ratio of 3.47 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.28 and a quick ratio of 3.08.
KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.17). KLX Energy Services had a positive return on equity of 10.08% and a negative net margin of 1.13%. The business had revenue of $164.90 million during the quarter, compared to the consensus estimate of $175.05 million. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. Equities research analysts forecast that KLX Energy Services will post -0.01 earnings per share for the current fiscal year.
In other news, CEO Amin J. Khoury acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average cost of $11.85 per share, for a total transaction of $1,185,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gary J. Roberts acquired 33,821 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average price of $11.36 per share, with a total value of $384,206.56. The disclosure for this purchase can be found here. Insiders acquired 226,276 shares of company stock valued at $2,642,603 over the last 90 days. Corporate insiders own 10.70% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its holdings in shares of KLX Energy Services by 106.8% during the second quarter. Bank of Montreal Can now owns 3,114 shares of the company’s stock worth $63,000 after buying an additional 1,608 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of KLX Energy Services by 15.2% during the second quarter. SG Americas Securities LLC now owns 5,582 shares of the company’s stock worth $114,000 after buying an additional 736 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of KLX Energy Services by 1,566.0% during the third quarter. Tower Research Capital LLC TRC now owns 5,631 shares of the company’s stock worth $48,000 after buying an additional 5,293 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new position in shares of KLX Energy Services during the first quarter worth about $163,000. Finally, Trexquant Investment LP bought a new position in shares of KLX Energy Services during the second quarter worth about $222,000. Institutional investors and hedge funds own 86.14% of the company’s stock.
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.
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