Short Interest in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Rises By 7.8%

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,250,000 shares, a growth of 7.8% from the August 15th total of 1,160,000 shares. Based on an average daily trading volume, of 215,100 shares, the days-to-cover ratio is currently 5.8 days.

Analysts Set New Price Targets

Separately, Piper Sandler raised their price objective on shares of KLX Energy Services from $13.50 to $14.50 and gave the company a “neutral” rating in a research note on Monday, August 14th.

Insiders Place Their Bets

In related news, insider Christopher J. Baker sold 4,500 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $10.56, for a total value of $47,520.00. Following the transaction, the insider now owns 144,041 shares in the company, valued at approximately $1,521,072.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Christopher J. Baker sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $10.56, for a total transaction of $47,520.00. Following the completion of the sale, the insider now owns 144,041 shares of the company’s stock, valued at approximately $1,521,072.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Max Bouthillette sold 10,475 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $11.71, for a total transaction of $122,662.25. Following the sale, the insider now directly owns 39,766 shares of the company’s stock, valued at approximately $465,659.86. The disclosure for this sale can be found here. Insiders have sold 20,475 shares of company stock valued at $225,267 in the last three months. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KLXE. JPMorgan Chase & Co. purchased a new stake in KLX Energy Services in the 1st quarter worth approximately $33,000. Bank of New York Mellon Corp acquired a new stake in shares of KLX Energy Services in the 1st quarter worth $138,000. BlackRock Inc. increased its stake in shares of KLX Energy Services by 3.0% in the 1st quarter. BlackRock Inc. now owns 91,521 shares of the company’s stock worth $473,000 after acquiring an additional 2,629 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of KLX Energy Services by 18.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 19,000 shares of the company’s stock worth $98,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of KLX Energy Services in the 1st quarter worth $696,000. Institutional investors own 41.42% of the company’s stock.

KLX Energy Services Stock Up 0.9 %

Shares of KLX Energy Services stock opened at $11.72 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.58 and a debt-to-equity ratio of 7.72. The company’s fifty day simple moving average is $11.21 and its two-hundred day simple moving average is $10.75. The company has a market cap of $192.33 million, a P/E ratio of 3.47 and a beta of 2.11. KLX Energy Services has a 12-month low of $5.02 and a 12-month high of $18.63.

KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. The company had revenue of $234.00 million for the quarter, compared to the consensus estimate of $247.00 million. KLX Energy Services had a net margin of 4.91% and a negative return on equity of 4,466.05%. Research analysts anticipate that KLX Energy Services will post 2.35 EPS for the current year.

KLX Energy Services Company Profile

KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; and downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals.