Insider Buying: KLX Energy Services (NASDAQ:KLXE) Insider Buys 30,000 Shares of Company Stock

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) insider Max Bouthillette purchased 30,000 shares of the company’s stock in a transaction on Monday, November 9th. The stock was bought at an average price of $1.02 per share, for a total transaction of $30,600.00. Following the completion of the purchase, the insider directly owned 255,697 shares of the company’s stock, valued at $260,810.94. The trade was a 13.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

KLX Energy Services Stock Down 0.4%

Shares of NASDAQ:KLXE traded down $0.01 during trading on Thursday, hitting $1.15. 148,493 shares of the company were exchanged, compared to its average volume of 403,400. The stock has a market capitalization of $24.54 million, a P/E ratio of -0.37 and a beta of 0.81. The company has a debt-to-equity ratio of 479.00, a current ratio of 1.18 and a quick ratio of 0.97. KLX Energy Services Holdings, Inc. has a 12-month low of $0.92 and a 12-month high of $4.50. The firm’s 50 day moving average price is $1.32 and its 200-day moving average price is $2.26.

KLX Energy Services (NASDAQ:KLXE) last issued its earnings results on Thursday, November 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.09). The firm had revenue of $185.60 million for the quarter, compared to analyst estimates of $182.50 million. On average, research analysts predict that KLX Energy Services Holdings, Inc. will post -1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered KLX Energy Services from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 28th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Hedge Funds Weigh In On KLX Energy Services

Hedge funds have recently modified their holdings of the business. Steel Partners Holdings L.P. purchased a new stake in KLX Energy Services in the 3rd quarter valued at $12,333,000. Fidelity National Financial Inc. purchased a new position in KLX Energy Services during the 3rd quarter worth $1,354,000. Kestra Advisory Services LLC grew its position in KLX Energy Services by 183.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 572,215 shares of the company’s stock worth $830,000 after purchasing an additional 370,336 shares during the last quarter. Engineers Gate Manager LP purchased a new position in KLX Energy Services during the 2nd quarter worth $72,000. Finally, NewEdge Advisors LLC acquired a new position in KLX Energy Services in the second quarter valued at $65,000. 42.69% of the stock is currently owned by hedge funds and other institutional investors.

About KLX Energy Services

KLX Energy Services Holdings, Inc. provides technical oilfield services and equipment to exploration and production companies operating primarily in the United States. The company supports onshore drilling, completion and production activities, helping customers construct, maintain and optimize oil and natural gas wells. Its service portfolio includes well-intervention and completion services such as coiled tubing, wireline, pressure pumping, stimulation, snubbing, well testing and related technical services.