Insider Buying: KLX Energy Services (NASDAQ:KLXE) Insider Acquires $30,600.00 in Stock

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) insider Max Bouthillette acquired 30,000 shares of KLX Energy Services stock in a transaction that occurred on Monday, November 9th. The stock was acquired at an average cost of $1.02 per share, with a total value of $30,600.00. Following the purchase, the insider directly owned 255,697 shares of the company’s stock, valued at $260,810.94. This represents a 13.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

KLX Energy Services Stock Up 10.3%

KLX Energy Services stock traded up $0.12 during mid-day trading on Friday, reaching $1.28. 223,676 shares of the company were exchanged, compared to its average volume of 461,397. The company has a debt-to-equity ratio of 479.00, a quick ratio of 0.97 and a current ratio of 1.18. The firm has a market cap of $27.43 million, a P/E ratio of -0.41 and a beta of 0.81. The business has a fifty day moving average of $1.31 and a 200 day moving average of $2.24. KLX Energy Services Holdings, Inc. has a 12-month low of $0.92 and a 12-month high of $4.50.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On KLX Energy Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of KLX Energy Services in the 3rd quarter valued at approximately $168,000. Steel Partners Holdings L.P. acquired a new stake in KLX Energy Services in the 3rd quarter worth approximately $12,333,000. Fidelity National Financial Inc. acquired a new stake in KLX Energy Services in the 3rd quarter worth approximately $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. Finally, Engineers Gate Manager LP purchased a new stake in KLX Energy Services during the 2nd quarter worth approximately $72,000. Hedge funds and other institutional investors own 42.69% of the company’s stock.

KLX Energy Services Company Profile

KLX Energy Services provides oilfield services to onshore exploration and production companies, with a focus on unconventional wells. Its offerings support well completion, intervention and production operations, helping customers prepare wells for production and maintain or enhance their performance. The company’s services include coiled tubing, wireline, pressure pumping, flowback, snubbing and wellsite support, along with equipment rentals and related technical services. KLX serves customers across major U.S. oil and natural gas basins.