Insider Buying: KLX Energy Services (NASDAQ:KLXE) Insider Buys $27,555.00 in Stock

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) insider Max Bouthillette purchased 16,500 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were acquired at an average price of $1.67 per share, with a total value of $27,555.00. Following the completion of the transaction, the insider owned 142,865 shares of the company’s stock, valued at approximately $238,584.55. This trade represents a 13.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

KLX Energy Services Trading Down 3.0%

KLXE opened at $1.63 on Friday. KLX Energy Services Holdings, Inc. has a 12 month low of $1.46 and a 12 month high of $7.40. The business’s 50-day moving average price is $1.73 and its 200-day moving average price is $1.87. The company has a market cap of $29.08 million, a P/E ratio of -0.38 and a beta of 0.42.

KLX Energy Services (NASDAQ:KLXE) last posted its quarterly earnings results on Tuesday, August 26th. The company reported ($0.88) earnings per share (EPS) for the quarter. The company had revenue of $159.00 million during the quarter. Equities research analysts forecast that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KLXE has been the subject of several analyst reports. Wall Street Zen raised shares of KLX Energy Services to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of KLX Energy Services in a report on Wednesday, October 8th. Finally, Zacks Research raised KLX Energy Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Institutional Trading of KLX Energy Services

Several large investors have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of KLX Energy Services by 160.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 36,668 shares of the company’s stock worth $69,000 after purchasing an additional 22,600 shares during the last quarter. Gendell Jeffrey L increased its holdings in KLX Energy Services by 1.2% in the 2nd quarter. Gendell Jeffrey L now owns 1,693,219 shares of the company’s stock worth $3,166,000 after buying an additional 20,000 shares in the last quarter. Meteora Capital LLC bought a new stake in KLX Energy Services in the 2nd quarter worth about $37,000. Raymond James Financial Inc. raised its position in KLX Energy Services by 532.0% in the 3rd quarter. Raymond James Financial Inc. now owns 22,115 shares of the company’s stock worth $42,000 after buying an additional 18,616 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in KLX Energy Services in the 3rd quarter worth about $36,000. 42.69% of the stock is owned by institutional investors.

KLX Energy Services Company Profile

KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules.