KLX Energy Services Holdings Inc (NASDAQ:KLXE) has earned a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. KLX Energy Services’ rating score has declined by 67% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus price objective of $34.83 for the company and are forecasting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given KLX Energy Services an industry rank of 202 out of 256 based on the ratings given to related companies.
KLXE has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Middleby in a research note on Wednesday, April 3rd. They set a “hold” rating and a $135.00 target price on the stock. Piper Jaffray Companies cut shares of Mallinckrodt from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $39.00 to $9.00 in a research note on Thursday, May 30th. ValuEngine cut shares of Verso from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Finally, Zacks Investment Research raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, June 5th.
KLXE traded down $0.24 on Friday, hitting $17.07. 648 shares of the company’s stock were exchanged, compared to its average volume of 122,412. KLX Energy Services has a fifty-two week low of $17.29 and a fifty-two week high of $36.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.87 and a current ratio of 3.07. The firm’s 50-day simple moving average is $19.78. The company has a market capitalization of $419.00 million and a PE ratio of 6.07.
KLX Energy Services (NASDAQ:KLXE) last announced its earnings results on Wednesday, May 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $145.80 million for the quarter, compared to analysts’ expectations of $157.40 million. The business’s revenue for the quarter was up 1457900.0% on a year-over-year basis. As a group, equities research analysts forecast that KLX Energy Services will post 1.19 EPS for the current fiscal year.
In other news, VP Gary J. Roberts purchased 5,000 shares of the stock in a transaction dated Wednesday, June 12th. The shares were purchased at an average price of $19.25 per share, with a total value of $96,250.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Theodore L. Weise purchased 2,000 shares of the stock in a transaction dated Friday, May 24th. The shares were purchased at an average cost of $22.48 per share, for a total transaction of $44,960.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 22,000 shares of company stock worth $439,260. Corporate insiders own 10.70% of the company’s stock.
Several hedge funds have recently made changes to their positions in KLXE. Advisory Services Network LLC purchased a new stake in KLX Energy Services in the 1st quarter valued at about $25,000. Bank of Montreal Can purchased a new stake in KLX Energy Services in the 1st quarter valued at about $38,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in KLX Energy Services in the 1st quarter valued at about $68,000. Public Employees Retirement Association of Colorado purchased a new stake in KLX Energy Services in the 1st quarter valued at about $94,000. Finally, BNP Paribas Arbitrage SA purchased a new stake in KLX Energy Services in the 1st quarter valued at about $117,000. 85.91% of the stock is currently owned by hedge funds and other 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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