Ancora Advisors LLC lessened its holdings in KLX Energy Services Holdings Inc (NASDAQ:KLXE) by 16.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 201,047 shares of the company’s stock after selling 39,341 shares during the period. Ancora Advisors LLC owned 0.87% of KLX Energy Services worth $4,107,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Advisory Services Network LLC bought a new position in KLX Energy Services in the first quarter valued at $25,000. Bank of Montreal Can purchased a new position in shares of KLX Energy Services during the first quarter valued at approximately $38,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of KLX Energy Services during the first quarter valued at approximately $68,000. Public Employees Retirement Association of Colorado purchased a new position in shares of KLX Energy Services during the first quarter valued at approximately $94,000. Finally, BNP Paribas Arbitrage SA purchased a new position in shares of KLX Energy Services during the first quarter valued at approximately $117,000. Institutional investors own 85.97% of the company’s stock.
Several brokerages recently weighed in on KLXE. Piper Jaffray Companies downgraded shares of KLX Energy Services from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $29.50 to $25.50 in a research report on Thursday, May 30th. Zacks Investment Research raised shares of KLX Energy Services from a “sell” rating to a “hold” rating in a research report on Friday. Finally, ValuEngine downgraded shares of KLX Energy Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $26.75.
In related news, CEO Amin J. Khoury purchased 100,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were acquired at an average price of $11.85 per share, for a total transaction of $1,185,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gary J. Roberts purchased 33,821 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was bought at an average price of $11.36 per share, for a total transaction of $384,206.56. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 210,821 shares of company stock worth $2,499,517. Corporate insiders own 10.70% of the company’s stock.
Shares of KLXE stock traded down $0.46 during mid-day trading on Friday, reaching $10.69. 1,850 shares of the company’s stock traded hands, compared to its average volume of 300,775. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.08 and a current ratio of 3.28. KLX Energy Services Holdings Inc has a 12 month low of $9.52 and a 12 month high of $36.13. The firm has a 50 day moving average price of $12.19 and a two-hundred day moving average price of $20.82. The firm has a market capitalization of $276.41 million and a PE ratio of 3.97.
KLX Energy Services (NASDAQ:KLXE) last released its earnings results on Wednesday, August 21st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). KLX Energy Services had a negative net margin of 1.13% and a positive return on equity of 10.08%. The firm had revenue of $164.90 million for the quarter, compared to analysts’ expectations of $175.05 million. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, equities analysts expect that KLX Energy Services Holdings Inc will post 0.26 earnings per share for the current fiscal year.
KLX Energy Services 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.
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