Richard Hamermesh Buys 2,000 Shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE) Stock

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KLX Energy Services Holdings Inc (NASDAQ:KLXE) Director Richard Hamermesh purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of $11.03 per share, for a total transaction of $22,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:KLXE opened at $10.91 on Friday. KLX Energy Services Holdings Inc has a 12-month low of $10.78 and a 12-month high of $36.13. The business’s fifty day simple moving average is $15.37 and its 200-day simple moving average is $22.58. The company has a current ratio of 3.07, a quick ratio of 2.87 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $270.38 million and a PE ratio of 3.88.

KLX Energy Services (NASDAQ:KLXE) last announced its earnings results on Wednesday, August 21st. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.17). KLX Energy Services had a return on equity of 14.25% and a net margin of 0.68%. The business had revenue of $164.90 million for the quarter, compared to analysts’ expectations of $175.05 million. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. Research analysts predict that KLX Energy Services Holdings Inc will post 1.19 EPS for the current year.

A number of brokerages have recently issued reports on KLXE. Piper Jaffray Companies downgraded KLX Energy Services from an “overweight” rating to a “neutral” rating and cut their price target for the company from $29.50 to $25.50 in a report on Thursday, May 30th. ValuEngine downgraded KLX Energy Services from a “sell” rating to a “strong sell” rating in a report on Thursday, May 23rd. Finally, Zacks Investment Research upgraded KLX Energy Services from a “strong sell” rating to a “hold” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. KLX Energy Services has an average rating of “Hold” and an average target price of $26.75.

A number of hedge funds have recently made changes to their positions in KLXE. State of Alaska Department of Revenue purchased a new stake in KLX Energy Services in the first quarter worth $189,000. Louisiana State Employees Retirement System purchased a new stake in shares of KLX Energy Services in the first quarter worth $211,000. Nisa Investment Advisors LLC purchased a new stake in shares of KLX Energy Services in the first quarter worth $186,000. Account Management LLC purchased a new stake in shares of KLX Energy Services in the first quarter worth $1,935,000. Finally, Investec Asset Management LTD bought a new position in shares of KLX Energy Services during the first quarter valued at $10,055,000. Hedge funds and other institutional investors own 86.72% of the company’s stock.

About KLX Energy Services

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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