KLX Energy Services Holdings Inc. (NASDAQ: KLXE): To Buy Or Not To Buy, That Is The Question

Tontine Associates LLC has recently announced that it has increased stake in KLX Energy Services Holdings Inc. (NASDAQ:KLXE) by 28.05%. After grabbing 0.79 million shares, the institutional investor is now in possession of 0.17 million shares of the Energy Company. The new investment brought the stake of investor firm to 6.42% having worth around $12.44 million. Moreover, Millennium Management LLC increased its share by 2511.0 to have a control over 0.31 million shares. And Castleknight Management LP raised its holdings to 0.11 million shares by acquiring 0.23 million shares or 1.84% of the stake.

KLX Energy Services Holdings Inc. (KLXE) concluded trading on 01/12/23 at a closing price of $16.39, with 0.5 million shares of worth about $8.14 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 333.60% during that period and on Thursday the price saw a gain of about 6.91%. Currently the company’s common shares owned by public are about 11.50M shares, out of which, 10.69M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the KLXE stock and their offered price forecasts bring an average price target of $24.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $30.00 and could fall to a lowest price of $19.00. The stock’s current price level is 33.1% above of average price target set by the analysts, while a rise to estimated low would result in gain of 13.74% for the stock. However, touching the estimated high of $30.00 would mean a gain of 45.37% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 44 times over the past 12 months. They bought 114,247 shares in 13 of the transactions. In 31 selling transactions, insiders dumped 435,099 shares.

Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Paradice Global Small Cap Fund are the top 3 mutual funds which are holding stakes in KLX Energy Services Holdings Inc. Vanguard Total Stock Market Index is currently holding 0.33 million shares of worth totaling $5.19 million. The company recently came buying 0.13 million shares which brought its stake up to 2.68% of the company’s outstanding shares. Vanguard Extended Market Index Fu bought 19704.0 shares, after which its hold over company’s outstanding shares expand to 1.07%, leaving 0.13 million shares with the mutual fund that have a worth of about $2.08 million. Paradice Global Small Cap Fund, after buying 58378.0 shares, have now control over 0.48% of the stake in the company. It holds 0.0 shares of worth $0.92 million.

KLX Energy Services Holdings Inc. (NASDAQ: KLXE) started trading at $15.56, above $0.23 from concluding price of the previous day. However, the stock later moved at a day high price of 17.19, or with a gain of 6.91%. Stock saw a price change of 12.57% in past 5 days and over the past one month there was a price change of 19.72%. Year-to-date (YTD), KLXE shares are showing a performance of -5.31% which increased to 257.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.64 but also hit the highest price of $18.63 during that period. The average intraday trading volume for KLX Energy Services Holdings Inc. shares is 291.26K. The stock is currently trading 7.42% above its 20-day simple moving average (SMA20), while that difference is up 6.90% for SMA50 and it goes to 89.85% higher than SMA200.

Tontine Associates LLC acquired 0.79 million shares of KLX Energy Services Holdings Inc. having value of about $12.44 million. Data submitted at the U.S SEC by Tontine Associates LLC revealed that the firm now holds 0.17 million shares in the company valued at close to $2830421.88, or have control over 28.05% stake in the company. KLX Energy Services Holdings Inc. (NASDAQ: KLXE) currently have 11.50M outstanding shares and institutions hold larger chunk of about 29.60% of that. Holding of mutual funds in the company is about 5.04% while other institutional holders and individual stake holders have control over 6.95% and 23.04% of the stake respectively.

The stock has a current market capitalization of $199.63M and its 3Y-monthly beta is at 2.16. It has posted earnings per share of -$3.05 in the same period. It has Quick Ratio of 1.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KLXE, volatility over the week remained 6.35% while standing at 8.06% over the month.

Analysts are in expectations that KLX Energy Services Holdings Inc. (KLXE) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is -$0.05 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$3.68 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 78.90% while it is estimated to increase by 8040.00% in next year.

Analysts at 2 brokerage firms have issued recommendations for the KLX Energy Services Holdings Inc. (KLXE)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 2 Wall Street analysts, 1 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Stock get a Buy rating from Gabelli & Co on October 11, 2018.