Clear Creek Financial Management LLC acquired a new position in shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE) in the 4th quarter, Holdings Channel.com reports. The fund acquired 43,959 shares of the company’s stock, valued at approximately $252,000.
Several other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in KLX Energy Services by 1,566.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,631 shares of the company’s stock valued at $48,000 after purchasing an additional 5,293 shares during the last quarter. Bank of Montreal Can grew its holdings in KLX Energy Services by 106.8% during the second quarter. Bank of Montreal Can now owns 3,114 shares of the company’s stock valued at $63,000 after purchasing an additional 1,608 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in KLX Energy Services during the third quarter valued at approximately $96,000. Nisa Investment Advisors LLC raised its position in shares of KLX Energy Services by 89.1% in the third quarter. Nisa Investment Advisors LLC now owns 14,004 shares of the company’s stock valued at $121,000 after purchasing an additional 6,600 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of KLX Energy Services by 105.2% in the third quarter. State of Alaska Department of Revenue now owns 16,141 shares of the company’s stock valued at $139,000 after purchasing an additional 8,276 shares during the period. 84.68% of the stock is owned by institutional investors.
In related news, VP Gary J. Roberts acquired 6,028 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were bought at an average price of $5.98 per share, for a total transaction of $36,047.44. Following the acquisition, the vice president now owns 255,643 shares in the company, valued at approximately $1,528,745.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Thomas P. Mccaffrey acquired 75,000 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of $5.53 per share, with a total value of $414,750.00. Following the transaction, the chief financial officer now directly owns 872,487 shares of the company’s stock, valued at approximately $4,824,853.11. The disclosure for this purchase can be found here. Insiders have purchased 81,328 shares of company stock worth $452,297 in the last ninety days. 10.70% of the stock is currently owned by insiders.
KLXE has been the subject of several recent analyst reports. SunTrust Banks assumed coverage on shares of KLX Energy Services in a report on Thursday, December 26th. They set a “buy” rating for the company. ValuEngine upgraded shares of KLX Energy Services from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. Finally, Zacks Investment Research lowered shares of KLX Energy Services from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.75.
NASDAQ:KLXE traded up $0.06 during mid-day trading on Friday, hitting $5.53. 6,290 shares of the company’s stock traded hands, compared to its average volume of 273,164. The firm has a market capitalization of $138.02 million, a price-to-earnings ratio of 1.94 and a beta of 0.73. The firm has a 50 day moving average of $5.98 and a two-hundred day moving average of $10.08. The company has a current ratio of 3.38, a quick ratio of 3.21 and a debt-to-equity ratio of 0.74. KLX Energy Services Holdings Inc has a 12 month low of $4.12 and a 12 month high of $30.11.
KLX Energy Services (NASDAQ:KLXE) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.28). KLX Energy Services had a positive return on equity of 4.13% and a negative net margin of 11.27%. The business had revenue of $134.50 million during the quarter, compared to the consensus estimate of $161.20 million. The firm’s quarterly revenue was down 18.4% on a year-over-year basis. As a group, equities research analysts expect that KLX Energy Services Holdings Inc will post -1.22 earnings per share for the current year.
KLX Energy Services 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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