Corbin J. Robertson, Jr. Sells 23,626 Shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Stock

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) major shareholder Corbin J. Robertson, Jr. sold 23,626 shares of the company’s stock in a transaction that occurred on Thursday, July 15th. The stock was sold at an average price of $7.30, for a total value of $172,469.80. Following the completion of the transaction, the insider now owns 26,793 shares of the company’s stock, valued at approximately $195,588.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of NASDAQ KLXE opened at $6.58 on Thursday. KLX Energy Services Holdings, Inc. has a 1-year low of $3.73 and a 1-year high of $18.97. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.58 and a quick ratio of 1.35. The stock has a fifty day moving average of $10.41. The firm has a market capitalization of $58.11 million, a price-to-earnings ratio of -0.39 and a beta of 3.40.

KLX Energy Services (NASDAQ:KLXE) last issued its earnings results on Tuesday, June 8th. The company reported ($4.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.32) by ($1.69). KLX Energy Services had a negative return on equity of 261.79% and a negative net margin of 44.26%. The company had revenue of $90.80 million during the quarter, compared to analyst estimates of $95.10 million. On average, equities research analysts predict that KLX Energy Services Holdings, Inc. will post -7.79 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Northern Trust Corp grew its stake in shares of KLX Energy Services by 166.2% in the first quarter. Northern Trust Corp now owns 238,582 shares of the company’s stock worth $3,825,000 after purchasing an additional 148,964 shares in the last quarter. Morgan Stanley grew its stake in shares of KLX Energy Services by 89,401.5% in the first quarter. Morgan Stanley now owns 184,373 shares of the company’s stock worth $2,956,000 after purchasing an additional 184,167 shares in the last quarter. Connacht Asset Management LP bought a new position in shares of KLX Energy Services in the first quarter worth $2,767,000. FMR LLC bought a new position in shares of KLX Energy Services in the first quarter worth $3,042,000. Finally, BlackRock Inc. grew its stake in shares of KLX Energy Services by 6.0% in the fourth quarter. BlackRock Inc. now owns 108,743 shares of the company’s stock worth $703,000 after purchasing an additional 6,195 shares in the last quarter. 25.08% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on KLXE shares. Zacks Investment Research cut KLX Energy Services from a “hold” rating to a “sell” rating in a research note on Tuesday. R. F. Lafferty cut KLX Energy Services from a “buy” rating to a “hold” rating in a research note on Thursday, June 10th.

About KLX Energy Services

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; and downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals.

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