KLX Energy Services (NASDAQ:KLXE) Trading Up 1.9%

KLX Energy Services Holdings, Inc. (NASDAQ:KLXEGet Free Report) was up 1.9% on Thursday . The company traded as high as $9.11 and last traded at $8.95. Approximately 93,780 shares traded hands during trading, a decline of 12% from the average daily volume of 106,429 shares. The stock had previously closed at $8.78.

Analysts Set New Price Targets

Separately, Piper Sandler lowered their price target on shares of KLX Energy Services from $14.50 to $13.00 and set a “neutral” rating on the stock in a report on Monday, November 13th.

Get Our Latest Analysis on KLX Energy Services

KLX Energy Services Stock Performance

The stock has a market capitalization of $146.87 million, a P/E ratio of 3.10, a PEG ratio of 0.58 and a beta of 2.22. The company has a debt-to-equity ratio of 6.47, a quick ratio of 1.66 and a current ratio of 1.88. The company’s fifty day simple moving average is $10.22 and its two-hundred day simple moving average is $10.52.

KLX Energy Services (NASDAQ:KLXEGet Free Report) last released its quarterly earnings results on Monday, November 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.13. KLX Energy Services had a net margin of 4.53% and a return on equity of 185.48%. The firm had revenue of $220.60 million for the quarter, compared to analysts’ expectations of $222.00 million. As a group, equities analysts forecast that KLX Energy Services Holdings, Inc. will post 2.37 EPS for the current year.

Insider Transactions at KLX Energy Services

In other news, insider Christopher J. Baker sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $9.44, for a total transaction of $37,760.00. Following the transaction, the insider now directly owns 131,041 shares of the company’s stock, valued at $1,237,027.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KLXE. Gendell Jeffrey L boosted its position in shares of KLX Energy Services by 5.9% during the 3rd quarter. Gendell Jeffrey L now owns 1,502,192 shares of the company’s stock worth $17,801,000 after acquiring an additional 83,140 shares in the last quarter. BlackRock Inc. boosted its position in shares of KLX Energy Services by 555.0% during the 2nd quarter. BlackRock Inc. now owns 704,221 shares of the company’s stock worth $6,852,000 after acquiring an additional 596,713 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of KLX Energy Services by 7.2% during the 3rd quarter. Vanguard Group Inc. now owns 658,164 shares of the company’s stock worth $7,799,000 after acquiring an additional 44,369 shares in the last quarter. Millennium Management LLC boosted its position in shares of KLX Energy Services by 56.9% during the 4th quarter. Millennium Management LLC now owns 491,664 shares of the company’s stock worth $8,511,000 after acquiring an additional 178,299 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of KLX Energy Services by 39.6% during the 3rd quarter. Wellington Management Group LLP now owns 477,600 shares of the company’s stock worth $5,660,000 after acquiring an additional 135,600 shares in the last quarter. 41.42% of the stock is owned by institutional investors.

About KLX Energy Services

(Get Free Report)

KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; and downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals.

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