Zacks: KLX Energy Services Holdings Inc (KLXE) Given Consensus Recommendation of “Strong Buy” by Analysts

KLX Energy Services Holdings Inc (NASDAQ:KLXE) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price target of $67.00 for the company, according to Zacks. Zacks has also assigned KLX Energy Services an industry rank of 97 out of 257 based on the ratings given to its competitors.

Several research analysts have recently commented on the company. Gabelli assumed coverage on KLX Energy Services in a research report on Thursday, October 11th. They set a “buy” rating for the company. ValuEngine lowered KLX Energy Services from a “sell” rating to a “strong sell” rating in a research report on Tuesday.

In other news, VP Gary J. Roberts purchased 83,375 shares of the stock in a transaction dated Thursday, October 25th. The stock was acquired at an average cost of $31.26 per share, for a total transaction of $2,606,302.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John T. Collins purchased 10,000 shares of the stock in a transaction dated Monday, October 29th. The shares were purchased at an average price of $29.56 per share, with a total value of $295,600.00. The disclosure for this purchase can be found here.

KLXE stock traded up $0.03 during midday trading on Friday, hitting $20.19. 410,011 shares of the company’s stock were exchanged, compared to its average volume of 242,995. KLX Energy Services has a 1-year low of $19.62 and a 1-year high of $36.13.

KLX Energy Services Company Profile

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. The company offers 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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