Insider Selling: KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Insider Sells 10,475 Shares of Stock

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) insider Max Bouthillette sold 10,475 shares of KLX Energy Services stock in a transaction on Friday, September 15th. The shares were sold at an average price of $11.71, for a total value of $122,662.25. Following the completion of the transaction, the insider now owns 39,766 shares in the company, valued at approximately $465,659.86. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Max Bouthillette also recently made the following trade(s):

• On Tuesday, August 1st, Max Bouthillette sold 1,000 shares of KLX Energy Services stock. The shares were sold at an average price of $11.57, for a total value of $11,570.00.

KLX Energy Services Trading Up 0.9 %

Shares of KLX Energy Services stock opened at $11.72 on Tuesday. The firm has a market capitalization of $192.33 million, a PE ratio of 3.47 and a beta of 2.11. KLX Energy Services Holdings, Inc. has a 1 year low of $5.02 and a 1 year high of $18.63. The company has a current ratio of 1.77, a quick ratio of 1.58 and a debt-to-equity ratio of 7.72. The firm’s 50 day moving average is $11.21 and its 200 day moving average is $10.75.

KLX Energy Services (NASDAQ:KLXE) last posted its earnings results on Wednesday, August 9th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. KLX Energy Services had a net margin of 4.91% and a negative return on equity of 4,466.05%. The firm had revenue of $234.00 million for the quarter, compared to analyst estimates of $247.00 million. Equities research analysts forecast that KLX Energy Services Holdings, Inc. will post 2.35 earnings per share for the current fiscal year.

Institutional Trading of KLX Energy Services

Institutional investors have recently bought and sold shares of the company. Gendell Jeffrey L boosted its position in shares of KLX Energy Services by 35.0% during the 2nd quarter. Gendell Jeffrey L now owns 1,419,052 shares of the company’s stock worth $14,171,000 after purchasing an additional 367,776 shares in the last quarter. BlackRock Inc. lifted its position in KLX Energy Services by 555.0% in the 2nd quarter. BlackRock Inc. now owns 704,221 shares of the company’s stock valued at $6,852,000 after acquiring an additional 596,713 shares in the last quarter. Millennium Management LLC lifted its position in KLX Energy Services by 56.9% in the 4th quarter. Millennium Management LLC now owns 491,664 shares of the company’s stock valued at $8,511,000 after acquiring an additional 178,299 shares in the last quarter. Morgan Stanley lifted its position in KLX Energy Services by 145.7% in the 4th quarter. Morgan Stanley now owns 393,678 shares of the company’s stock valued at $6,815,000 after acquiring an additional 233,478 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in KLX Energy Services by 136.9% during the 2nd quarter. Geode Capital Management LLC now owns 260,251 shares of the company’s stock valued at $2,532,000 after acquiring an additional 150,390 shares in the last quarter. Institutional investors own 41.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price target on shares of KLX Energy Services from $13.50 to $14.50 and gave the company a “neutral” rating in a report on Monday, August 14th.

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.