KLX Energy Services (NASDAQ:KLXE – Get a Free Report) was upgraded to “strong buy” by analysts at Singular Research in a report released Monday, Zacks.com reports.
Separately, Piper Sandler lowered their price target on KLX Energy Services from $6.50 to $4.50 and gave the stock a “neutral” rating in a report on Monday, July 15.
Read our latest analysis on KLXE
KLX Energy Services shares rise 5.1%
NASDAQ KLXE opened at $6.39 on Monday. The stock’s 50-day moving average is $5.38 and its 200-day moving average is $6.67. KLX Energy Services has a one year low of $4.18 and a one year high of $12.56. The company has a market cap of $107.78 million, a P/E ratio of -8.19 and a beta of 2.04. The company has a debt-to-equity ratio of 18.83, a current ratio of 1.72 and a quick ratio of 1.50.
Institutional trading of KLX Energy Services
Several large investors have recently made changes to their positions in KLXE. Findell Capital Management LLC acquired a new position in KLX Energy Services in the fourth quarter valued at approximately $5,630,000. First Eagle Investment Management LLC acquired a new position in KLX Energy Services in the fourth quarter valued at approximately $868,000. Wellington Management Group LLP increased its holdings in KLX Energy Services by 1.1% in the fourth quarter. Wellington Management Group LLP now owns 482,900 shares of the company’s stock valued at $5,437,000 after purchasing an additional 5,300 shares during the period. Virtu Financial LLC acquired a new position in KLX Energy Services in the first quarter valued at approximately $122,000. Finally, Gendell Jeffrey L increased its holdings in KLX Energy Services by 1.6% in the fourth quarter. Gendell Jeffrey L now owns 1,526,795 shares of the company’s stock valued at $17,192,000 after purchasing an additional 24,603 shares during the same period. Institutional investors own 42.69% of the company’s stock.
Company profile of KLX Energy Services
(Get free report)
KLX Energy Services Holdings, Inc. provides drilling, completion, production and well intervention services and products to the onshore oil and gas producing regions of the United States. The Company operates in three segments: Southwest, Rocky Mountains and Northeast/Central Region. It provides directional drilling services, well navigation and rental tools, and support services including well planning, site monitoring, accommodation rentals and other drilling rentals, as well as various technologies including gamma ray, azimuth gamma ray, real-time continuous tilt and azimuth, rotary steering, pressure while drilling, mode change, stick-slip and destructive dynamics, dynamic sequencing and real-time shock and vibration modules.
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