Zacks: Analysts Set $47.25 Target Price for KLX Energy Services Holdings Inc (KLXE)

KLX Energy Services Holdings Inc (NASDAQ:KLXE) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price objective of $47.25 for the company and are expecting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given KLX Energy Services an industry rank of 138 out of 255 based on the ratings given to related companies.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of KLX Energy Services from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Tuesday, February 5th. ValuEngine upgraded shares of KLX Energy Services from a “strong sell” rating to a “sell” rating in a research report on Friday, January 11th. Finally, Piper Jaffray Companies assumed coverage on shares of KLX Energy Services in a research report on Wednesday, December 19th. They issued an “overweight” rating for the company.

Shares of NASDAQ:KLXE traded down $1.20 during trading on Friday, reaching $24.70. 141,639 shares of the company’s stock traded hands, compared to its average volume of 128,597. The company has a quick ratio of 5.98, a current ratio of 3.62 and a debt-to-equity ratio of 0.74. KLX Energy Services has a 12 month low of $19.59 and a 12 month high of $36.13. The company has a market cap of $579.12 million and a PE ratio of 8.79.

KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.06). The company had revenue of $143.90 million for the quarter, compared to analyst estimates of $160.90 million. As a group, research analysts forecast that KLX Energy Services will post 2.61 EPS for the current fiscal year.

In related news, VP Gary J. Roberts purchased 21,421 shares of KLX Energy Services stock in a transaction dated Monday, December 24th. The stock was bought at an average cost of $21.92 per share, with a total value of $469,548.32. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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. The company offers 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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