KLX Energy Services (NASDAQ:KLXE) Insider Max Bouthillette Acquires 30,000 Shares of Stock

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) insider Max Bouthillette purchased 30,000 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were bought at an average cost of $1.02 per share, for a total transaction of $30,600.00. Following the acquisition, the insider owned 255,697 shares of the company’s stock, valued at approximately $260,810.94. The trade was a 13.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

KLX Energy Services Stock Performance

KLXE stock traded down $0.01 during trading on Thursday, hitting $1.15. The company had a trading volume of 148,493 shares, compared to its average volume of 403,400. The firm has a 50-day moving average price of $1.32 and a 200-day moving average price of $2.26. The company has a quick ratio of 0.97, a current ratio of 1.18 and a debt-to-equity ratio of 479.00. The firm has a market cap of $24.54 million, a PE ratio of -0.37 and a beta of 0.81. KLX Energy Services Holdings, Inc. has a 1-year low of $0.92 and a 1-year high of $4.50.

KLX Energy Services (NASDAQ:KLXE) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.09). The business had revenue of $185.60 million during the quarter, compared to the consensus estimate of $182.50 million. On average, analysts expect that KLX Energy Services Holdings, Inc. will post -1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut KLX Energy Services from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 28th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, KLX Energy Services presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KLXE. Steel Partners Holdings L.P. acquired a new position in KLX Energy Services during the third quarter worth $12,333,000. Fidelity National Financial Inc. acquired a new stake in KLX Energy Services in the third quarter valued at $1,354,000. Kestra Advisory Services LLC lifted its holdings in KLX Energy Services by 183.4% in the third quarter. Kestra Advisory Services LLC now owns 572,215 shares of the company’s stock valued at $830,000 after acquiring an additional 370,336 shares during the period. Engineers Gate Manager LP acquired a new stake in KLX Energy Services in the second quarter valued at $72,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of KLX Energy Services during the 2nd quarter worth $65,000. Institutional investors and hedge funds own 42.69% of the company’s stock.

KLX Energy Services Company Profile

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.