KLX Energy Services (NASDAQ:KLXE) Stock: Insider Max Bouthillette Buys 30,000 Shares

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) insider Max Bouthillette acquired 30,000 shares of KLX Energy Services stock in a transaction dated Monday, November 9th. The shares were purchased at an average price of $1.02 per share, for a total transaction of $30,600.00. Following the completion of the transaction, the insider directly owned 255,697 shares in the company, valued at approximately $260,810.94. The trade was a 13.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

KLX Energy Services Price Performance

Shares of NASDAQ KLXE traded up $0.12 during trading hours on Friday, reaching $1.28. 223,676 shares of the stock traded hands, compared to its average volume of 461,397. The company has a market capitalization of $27.43 million, a P/E ratio of -0.41 and a beta of 0.81. The company has a quick ratio of 0.97, a current ratio of 1.18 and a debt-to-equity ratio of 479.00. KLX Energy Services Holdings, Inc. has a 52-week low of $0.92 and a 52-week high of $4.50. The company’s 50-day simple moving average is $1.31 and its two-hundred day simple moving average is $2.24.

KLX Energy Services (NASDAQ:KLXE) last released its earnings results on Thursday, November 5th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.09). The company had revenue of $185.60 million during the quarter, compared to the consensus estimate of $182.50 million. Equities research analysts forecast that KLX Energy Services Holdings, Inc. will post -1.27 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of KLX Energy Services from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 28th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Institutional Investors Weigh In On KLX Energy Services

A number of hedge funds and other institutional investors have recently modified their holdings of KLXE. Fidelity National Financial Inc. purchased a new position in KLX Energy Services in the 3rd quarter worth approximately $1,354,000. Empowered Funds LLC bought a new stake in KLX Energy Services in the third quarter valued at approximately $168,000. Steel Partners Holdings L.P. bought a new stake in KLX Energy Services in the third quarter valued at approximately $12,333,000. Kestra Advisory Services LLC boosted its stake in shares of KLX Energy Services by 183.4% during the third quarter. Kestra Advisory Services LLC now owns 572,215 shares of the company’s stock valued at $830,000 after purchasing an additional 370,336 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in shares of KLX Energy Services during the second quarter valued at approximately $65,000. Institutional investors own 42.69% of the company’s stock.

About KLX Energy Services

KLX Energy Services provides oilfield services to onshore exploration and production companies, with a focus on unconventional wells. Its offerings support well completion, intervention and production operations, helping customers prepare wells for production and maintain or enhance their performance. The company’s services include coiled tubing, wireline, pressure pumping, flowback, snubbing and wellsite support, along with equipment rentals and related technical services. KLX serves customers across major U.S. oil and natural gas basins.