KLX Energy Services Holdings Inc (NASDAQ:KLXE) CEO Amin J. Khoury Purchases 100,000 Shares

KLX Energy Services Holdings Inc (NASDAQ:KLXE) CEO Amin J. Khoury acquired 100,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average cost of $11.85 per share, with a total value of $1,185,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

KLXE stock traded up $0.69 during trading on Thursday, hitting $12.63. The company had a trading volume of 2,781 shares, compared to its average volume of 261,449. The business has a 50-day moving average of $15.52 and a 200-day moving average of $22.66. KLX Energy Services Holdings Inc has a one year low of $10.78 and a one year high of $36.13. The stock has a market cap of $286.58 million and a PE ratio of 4.48. The company has a current ratio of 3.07, a quick ratio of 2.87 and a debt-to-equity ratio of 0.63.

KLX Energy Services (NASDAQ:KLXE) last announced its earnings results on Wednesday, August 21st. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.17). KLX Energy Services had a net margin of 0.68% and a return on equity of 14.25%. The company had revenue of $164.90 million during the quarter, compared to the consensus estimate of $175.05 million. The company’s revenue was up 13.1% compared to the same quarter last year. Research analysts forecast that KLX Energy Services Holdings Inc will post 1.19 EPS for the current year.

Several research firms have recently issued reports on KLXE. ValuEngine downgraded KLX Energy Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 23rd. Zacks Investment Research raised KLX Energy Services from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Piper Jaffray Companies cut KLX Energy Services from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $29.50 to $25.50 in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.75.

Hedge funds have recently made changes to their positions in the stock. Spark Investment Management LLC bought a new stake in KLX Energy Services in the first quarter valued at approximately $294,000. THB Asset Management bought a new stake in KLX Energy Services in the first quarter valued at approximately $7,441,000. Wellington Shields Capital Management LLC bought a new stake in KLX Energy Services in the first quarter valued at approximately $302,000. Gabelli Funds LLC bought a new position in shares of KLX Energy Services during the 1st quarter worth approximately $4,177,000. Finally, Wellington Shields & Co. LLC bought a new position in shares of KLX Energy Services during the 1st quarter worth approximately $2,011,000. Institutional investors and hedge funds own 86.72% 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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