KLX Energy Services (NASDAQ:KLXE) Insider Max Bouthillette Purchases 16,500 Shares

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) insider Max Bouthillette purchased 16,500 shares of KLX Energy Services stock in a transaction dated Tuesday, December 16th. The stock was bought at an average cost 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 in the company, valued at approximately $238,584.55. This represents a 13.06% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

KLX Energy Services Stock Performance

KLXE stock traded down $0.11 during trading on Tuesday, reaching $1.64. 80,873 shares of the company traded hands, compared to its average volume of 168,151. The business has a 50 day simple moving average of $1.75 and a 200 day simple moving average of $1.87. KLX Energy Services Holdings, Inc. has a 12 month low of $1.46 and a 12 month high of $7.40. The company has a market capitalization of $29.26 million, a price-to-earnings ratio of -0.38 and a beta of 0.42.

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

Institutional Investors Weigh In On KLX Energy Services

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. increased its position in shares of KLX Energy Services by 532.0% in the 3rd quarter. Raymond James Financial Inc. now owns 22,115 shares of the company’s stock valued at $42,000 after acquiring an additional 18,616 shares during the period. Virtu Financial LLC purchased a new stake in KLX Energy Services during the 3rd quarter valued at about $36,000. Gamco Investors INC. ET AL increased its holdings in shares of KLX Energy Services by 52.2% in the third quarter. Gamco Investors INC. ET AL now owns 35,000 shares of the company’s stock valued at $67,000 after purchasing an additional 12,000 shares during the period. Macroview Investment Management LLC raised its stake in shares of KLX Energy Services by 17.2% in the third quarter. Macroview Investment Management LLC now owns 102,000 shares of the company’s stock worth $196,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Gendell Jeffrey L raised its stake in shares of KLX Energy Services by 1.2% in the second quarter. Gendell Jeffrey L now owns 1,693,219 shares of the company’s stock worth $3,166,000 after purchasing an additional 20,000 shares during the last quarter. 42.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.