KLX Energy Services (NASDAQ:KLXE) posted its quarterly earnings data on Wednesday. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.17), Morningstar.com reports. The business had revenue of $164.90 million during the quarter, compared to analyst estimates of $175.05 million. KLX Energy Services had a return on equity of 14.25% and a net margin of 0.68%. KLX Energy Services’s revenue for the quarter was up 13.1% on a year-over-year basis. KLX Energy Services updated its Q3 2019 guidance to $0.65-0.65 EPS and its Q3 guidance to ~$0.65 EPS.

KLX Energy Services stock opened at $10.91 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.07 and a quick ratio of 2.87. The stock has a market capitalization of $270.38 million and a price-to-earnings ratio of 3.88. KLX Energy Services has a 1-year low of $10.78 and a 1-year high of $36.13. The business has a fifty day moving average price of $15.37 and a 200-day moving average price of $22.58.

A number of analysts have recently weighed in on KLXE shares. Piper Jaffray Companies cut KLX Energy Services from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $29.50 to $25.50 in a research report on Thursday, May 30th. ValuEngine cut KLX Energy Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 23rd. Finally, Zacks Investment Research raised KLX Energy Services from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 25th. 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 stock has an average rating of “Hold” and a consensus target price of $26.75.

In other news, CEO Amin J. Khoury purchased 100,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was bought at an average price of $11.85 per share, with a total value of $1,185,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Gary J. Roberts purchased 15,000 shares of the stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of $19.87 per share, with a total value of $298,050.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 122,000 shares of company stock valued at $1,601,360. 10.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of KLXE. Advisory Services Network LLC purchased a new position in shares of KLX Energy Services during the 1st quarter valued at about $25,000. Bank of Montreal Can purchased a new position in shares of KLX Energy Services during the 1st quarter valued at about $38,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of KLX Energy Services during the 1st quarter valued at about $68,000. Public Employees Retirement Association of Colorado purchased a new position in shares of KLX Energy Services during the 1st quarter valued at about $94,000. Finally, SG Americas Securities LLC raised its stake in shares of KLX Energy Services by 15.2% during the 2nd quarter. SG Americas Securities LLC now owns 5,582 shares of the company’s stock valued at $114,000 after buying an additional 736 shares during the last quarter. 86.72% of the stock is owned by institutional investors.

About KLX Energy Services

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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