Shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE) have received an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company. KLX Energy Services’ rating score has declined by 67% from three months ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus target price of $36.83 for the company and are expecting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned KLX Energy Services an industry rank of 154 out of 256 based on the ratings given to its competitors.
Several equities research analysts have recently weighed in on KLXE shares. Zacks Investment Research downgraded shares of KLX Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Piper Jaffray Companies set a $30.00 target price on shares of KLX Energy Services and gave the stock a “buy” rating in a research report on Thursday, March 21st. ValuEngine downgraded shares of KLX Energy Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 23rd. Finally, Jefferies Financial Group started coverage on shares of KLX Energy Services in a research report on Wednesday, April 3rd. They set a “buy” rating for the company.
KLXE stock traded up $0.80 during trading on Friday, reaching $20.50. The stock had a trading volume of 2,305 shares, compared to its average volume of 166,633. KLX Energy Services has a 1-year low of $18.60 and a 1-year high of $36.13. 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 firm has a market capitalization of $448.86 million and a P/E ratio of 7.31. The company has a fifty day moving average of $21.91.
KLX Energy Services (NASDAQ:KLXE) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.17. KLX Energy Services had a net margin of 0.68% and a return on equity of 14.25%. The firm had revenue of $145.80 million for the quarter, compared to analyst estimates of $157.40 million. The company’s quarterly revenue was up 1457900.0% compared to the same quarter last year. On average, research analysts expect that KLX Energy Services will post 1.19 EPS for the current fiscal year.
In related news, VP Gary J. Roberts purchased 5,000 shares of KLX Energy Services stock in a transaction dated Wednesday, June 12th. The stock was bought at an average cost of $19.25 per share, with a total value of $96,250.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Gary J. Roberts purchased 15,000 shares of KLX Energy Services stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $19.87 per share, with a total value of $298,050.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 22,000 shares of company stock valued at $439,260. Company insiders own 10.70% of the company’s stock.
Several large investors have recently modified their holdings of the company. FMR LLC acquired a new stake in shares of KLX Energy Services in the 1st quarter worth approximately $3,042,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of KLX Energy Services in the 1st quarter worth approximately $163,000. MetLife Investment Advisors LLC acquired a new stake in shares of KLX Energy Services in the 1st quarter worth approximately $231,000. Advisory Services Network LLC acquired a new stake in shares of KLX Energy Services in the 1st quarter worth approximately $25,000. Finally, Hellman Jordan Management Co. Inc. MA acquired a new stake in shares of KLX Energy Services in the 1st quarter worth approximately $880,000. 85.87% of the stock is owned by 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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