MetLife Investment Advisors LLC purchased a new position in shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,171 shares of the company’s stock, valued at approximately $231,000.
Several other hedge funds also recently made changes to their positions in KLXE. Advisory Services Network LLC acquired a new position in shares of KLX Energy Services during the first quarter worth about $25,000. Bank of Montreal Can acquired a new position in shares of KLX Energy Services during the first quarter worth about $38,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of KLX Energy Services during the first quarter worth about $68,000. Public Employees Retirement Association of Colorado acquired a new position in shares of KLX Energy Services during the first quarter worth about $94,000. Finally, BNP Paribas Arbitrage SA acquired a new position in shares of KLX Energy Services during the first quarter worth about $117,000. Institutional investors own 85.91% of the company’s stock.
Several research analysts recently commented on the company. ValuEngine cut Verso from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, June 5th. Jefferies Financial Group assumed coverage on Middleby in a research note on Wednesday, April 3rd. They issued a “hold” rating and a $135.00 price target on the stock. Finally, Piper Jaffray Companies cut Mallinckrodt from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $39.00 to $9.00 in a research note on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $26.75.
NASDAQ KLXE traded down $0.14 on Thursday, hitting $17.17. 107,811 shares of the stock traded hands, compared to its average volume of 130,546. The stock has a market capitalization of $419.00 million and a P/E ratio of 6.11. The company has a 50-day moving average price of $19.78. KLX Energy Services Holdings Inc has a twelve month low of $16.56 and a twelve month high of $36.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.07 and a quick ratio of 2.87.
KLX Energy Services (NASDAQ:KLXE) last posted its earnings results on Wednesday, May 22nd. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.17. The company had revenue of $145.80 million during the quarter, compared to analyst estimates of $157.40 million. KLX Energy Services had a return on equity of 14.25% and a net margin of 0.68%. The firm’s revenue for the quarter was up 1457900.0% compared to the same quarter last year. Research analysts expect that KLX Energy Services Holdings Inc will post 1.19 earnings per share for the current year.
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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