KLX Energy Services Holdings Inc (NASDAQ:KLXE) Director Richard Hamermesh Buys 2,000 Shares

KLX Energy Services Holdings Inc (NASDAQ:KLXE) Director Richard Hamermesh acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average price of $11.03 per share, for a total transaction of $22,060.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ KLXE traded up $0.47 during midday trading on Thursday, reaching $12.41. 4,298 shares of the company traded hands, compared to its average volume of 261,449. KLX Energy Services Holdings Inc has a 52 week low of $10.78 and a 52 week high of $36.13. The stock has a 50-day moving average price of $15.52 and a 200 day moving average price of $22.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.07 and a quick ratio of 2.87. The company has a market cap of $286.58 million and a price-to-earnings ratio of 4.41.

KLX Energy Services (NASDAQ:KLXE) last released its earnings results on Wednesday, August 21st. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). The firm had revenue of $164.90 million for the quarter, compared to analyst estimates of $175.05 million. KLX Energy Services had a return on equity of 14.25% and a net margin of 0.68%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, analysts expect that KLX Energy Services Holdings Inc will post 1.19 EPS for the current year.

A number of brokerages recently weighed in on KLXE. Zacks Investment Research upgraded shares of KLX Energy Services from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 25th. ValuEngine cut shares of KLX Energy Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 23rd. Finally, Piper Jaffray Companies cut shares of KLX Energy Services from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $29.50 to $25.50 in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.75.

A number of large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new stake in KLX Energy Services in the 1st quarter valued at about $189,000. Louisiana State Employees Retirement System acquired a new stake in KLX Energy Services in the 1st quarter valued at about $211,000. Nisa Investment Advisors LLC acquired a new stake in KLX Energy Services in the 1st quarter valued at about $186,000. Account Management LLC acquired a new stake in KLX Energy Services in the 1st quarter valued at about $1,935,000. Finally, Investec Asset Management LTD acquired a new stake in KLX Energy Services in the 1st quarter valued at about $10,055,000. 86.72% of the stock is currently owned by hedge funds and other institutional investors.

KLX Energy Services Company 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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Insider Buying and Selling by Quarter for KLX Energy Services (NASDAQ:KLXE)

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