Iridian Asset Management LLC CT Purchases New Holdings in KLX Energy Services Holdings Inc (KLXE)

Iridian Asset Management LLC CT purchased a new position in shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE) in the first quarter, according to its most recent filing with the SEC. The firm purchased 46,416 shares of the company’s stock, valued at approximately $1,167,000.

A number of other institutional investors have also modified their holdings of KLXE. Bank of Montreal Can bought a new position in shares of KLX Energy Services during the 1st quarter worth about $38,000. Public Employees Retirement Association of Colorado bought a new position in shares of KLX Energy Services during the 1st quarter worth about $94,000. BNP Paribas Arbitrage SA bought a new position in shares of KLX Energy Services during the 1st quarter worth about $117,000. SG Americas Securities LLC bought a new position in shares of KLX Energy Services during the 1st quarter worth about $122,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of KLX Energy Services during the 1st quarter worth about $136,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.

A number of research firms have recently issued reports on KLXE. Zacks Investment Research raised shares of KLX Energy Services from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday. Jefferies Financial Group began coverage on shares of KLX Energy Services in a research report on Wednesday, April 3rd. They set a “buy” rating on the stock. Finally, Piper Jaffray Companies set a $30.00 price objective on shares of KLX Energy Services and gave the stock a “buy” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $29.00.

Shares of NASDAQ KLXE opened at $25.83 on Wednesday. KLX Energy Services Holdings Inc has a fifty-two week low of $19.59 and a fifty-two week high of $36.13. The stock has a market capitalization of $570.37 million and a P/E ratio of 9.19. The company has a current ratio of 3.62, a quick ratio of 3.44 and a debt-to-equity ratio of 0.71.

KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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, sell-side analysts expect that KLX Energy Services Holdings Inc will post 2.5 earnings per share for the current year.

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KLX Energy Services Profile

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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Institutional Ownership by Quarter for KLX Energy Services (NASDAQ:KLXE)

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