In a report released today, Luke Lemoine from Piper Sandler maintained a Hold rating on KLX Energy Services Holdings (KLXE – Research Report), with a price target of $13.00. The company’s shares closed last Friday at $9.81.
According to TipRanks, Lemoine is a 3-star analyst with an average return of 3.8% and a 48.35% success rate. Lemoine covers the Energy sector, focusing on stocks such as Tenaris SA, Solaris Oilfield Infrastructure, and Cactus.
The word on The Street in general, suggests a Hold analyst consensus rating for KLX Energy Services Holdings with a $13.00 average price target.
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Based on KLX Energy Services Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $220.6 million and a net profit of $7.6 million. In comparison, last year the company earned a revenue of $221.6 million and had a net profit of $11.1 million
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KLXE in relation to earlier this year.
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KLX Energy Services Holdings (KLXE) Company Description:
KLX Energy Services Holdings, Inc. engages in the provision of completion, intervention and production services and products to the major onshore oil and gas producing regions. It operates through the following geographical segments: Southwest, Rocky Mountains, and Northeast. The company is headquartered in Wellington, FL.
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