KLX Energy Services Holdings Inc (KLXE) Given $43.17 Consensus Target Price by Brokerages

Shares of KLX Energy Services Holdings Inc (NASDAQ:KLXE) have been given an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price objective of $43.17 for the company and are anticipating that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned KLX Energy Services an industry rank of 80 out of 256 based on the ratings given to related companies.

A number of research firms have commented on KLXE. ValuEngine raised shares of KLX Energy Services from a “strong sell” rating to a “sell” rating in a report on Friday, January 11th. Zacks Investment Research raised shares of KLX Energy Services from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Tuesday, February 5th. Jefferies Financial Group began coverage on shares of KLX Energy Services in a report on Wednesday, April 3rd. They issued a “buy” rating for the company. Finally, Piper Jaffray Companies set a $30.00 price objective on shares of KLX Energy Services and gave the stock a “buy” rating in a report on Thursday, March 21st.

Institutional investors have recently added to or reduced their stakes in the business. Kirr Marbach & Co. LLC IN acquired a new position in KLX Energy Services in the first quarter worth $4,079,000. Louisiana State Employees Retirement System acquired a new position in KLX Energy Services in the first quarter worth $211,000. Investec Asset Management LTD acquired a new position in KLX Energy Services in the first quarter worth $10,055,000. Account Management LLC acquired a new position in shares of KLX Energy Services during the first quarter valued at $1,935,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of KLX Energy Services during the first quarter valued at $340,000. 89.31% of the stock is owned by hedge funds and other institutional investors.

Shares of KLXE stock traded down $0.37 during mid-day trading on Thursday, reaching $25.91. 57,300 shares of the company were exchanged, compared to its average volume of 126,064. KLX Energy Services has a fifty-two week low of $19.59 and a fifty-two week high of $36.13. The company has a current ratio of 3.62, a quick ratio of 3.44 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $630.05 million and a P/E ratio of 9.22.

KLX Energy Services (NASDAQ:KLXE) last released its quarterly earnings results on Tuesday, March 12th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.06). The firm had revenue of $143.90 million for the quarter, compared to analyst estimates of $160.90 million. On average, research analysts predict that KLX Energy Services will post 2.5 EPS 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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