Shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE) have earned a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company.
Brokerages have set a 1-year consensus price target of $21.42 for the company and are anticipating 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.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of KLX Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. ValuEngine raised shares of KLX Energy Services from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
In related news, CEO Amin J. Khoury bought 100,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average price of $11.85 per share, with a total value of $1,185,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Theodore L. Weise bought 3,000 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was bought at an average cost of $9.50 per share, with a total value of $28,500.00. Insiders have purchased 226,276 shares of company stock valued at $2,642,603 in the last three months. 10.70% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of KLXE. Metropolitan Life Insurance Co NY bought a new stake in KLX Energy Services in the 1st quarter worth approximately $163,000. FMR LLC bought a new stake in KLX Energy Services in the 1st quarter worth approximately $3,042,000. WINTON GROUP Ltd bought a new stake in KLX Energy Services in the 2nd quarter worth approximately $225,000. Zeke Capital Advisors LLC grew its position in KLX Energy Services by 10.3% in the 2nd quarter. Zeke Capital Advisors LLC now owns 14,900 shares of the company’s stock worth $304,000 after purchasing an additional 1,395 shares during the period. Finally, Arizona State Retirement System grew its position in KLX Energy Services by 4.1% in the 2nd quarter. Arizona State Retirement System now owns 35,909 shares of the company’s stock worth $734,000 after purchasing an additional 1,413 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.
Shares of KLX Energy Services stock traded up $0.43 during trading on Friday, reaching $9.76. 165,100 shares of the stock were exchanged, compared to its average volume of 183,013. The firm 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 quick ratio of 3.08, a current ratio of 3.28 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average is $8.75 and its 200 day moving average is $15.88. KLX Energy Services has a 1 year low of $7.75 and a 1 year high of $30.48.
KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.17). The firm had revenue of $164.90 million for the quarter, compared to the consensus estimate of $175.05 million. KLX Energy Services had a negative net margin of 1.13% and a positive return on equity of 10.08%. KLX Energy Services’s quarterly revenue was up 13.1% compared to the same quarter last year. Equities analysts forecast that KLX Energy Services will post -0.01 earnings per share for the current year.
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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