Oregon Public Employees Retirement Fund purchased a new position in shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 8,660 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also modified their holdings of KLXE. Spark Investment Management LLC purchased a new position in KLX Energy Services in the first quarter valued at approximately $294,000. Mason Street Advisors LLC purchased a new position in KLX Energy Services in the first quarter valued at approximately $181,000. Eos Focused Equity Management L.P. purchased a new position in KLX Energy Services in the first quarter valued at approximately $1,152,000. New York State Teachers Retirement System purchased a new position in KLX Energy Services in the first quarter valued at approximately $1,091,000. Finally, Raymond James & Associates purchased a new position in KLX Energy Services in the first quarter valued at approximately $1,849,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of KLXE opened at $20.76 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.07 and a quick ratio of 2.87. KLX Energy Services Holdings Inc has a 12-month low of $19.28 and a 12-month high of $36.13.

KLX Energy Services (NASDAQ:KLXE) last announced its earnings results on Wednesday, May 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.17. The business had revenue of $145.80 million for the quarter, compared to analyst estimates of $157.40 million. KLX Energy Services had a net margin of 0.68% and a return on equity of 14.25%. The firm’s revenue for the quarter was up 1457900.0% on a year-over-year basis. As a group, analysts expect that KLX Energy Services Holdings Inc will post 1.85 earnings per share for the current year.

Several equities analysts have commented on KLXE shares. Zacks Investment Research lowered shares of KLX Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Jefferies Financial Group began coverage on shares of KLX Energy Services in a research report on Wednesday, April 3rd. They set a “buy” rating on the stock. Piper Jaffray Companies lowered shares of KLX Energy Services from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $29.50 to $25.50 in a research report on Thursday, May 30th. Finally, ValuEngine lowered shares of KLX Energy Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. KLX Energy Services has a consensus rating of “Hold” and a consensus price target of $26.75.

In other KLX Energy Services news, Director Theodore L. Weise bought 2,000 shares of the stock in a transaction dated Friday, May 24th. The shares were acquired at an average cost of $22.48 per share, for a total transaction of $44,960.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.70% of the company’s stock.

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KLX Energy Services Company Profile

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.

Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers

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Institutional Ownership by Quarter for KLX Energy Services (NASDAQ:KLXE)

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