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HOUSTON—Stanford Geoffrey C, Senior Vice President and Chief Accounting Officer of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE), recently sold 6,336 shares of the company’s common stock. The transaction, executed on March 19, 2025, was priced at $3.75 per share, totaling $23,760. The sale comes as the stock trades near its 52-week low of $3.50, having declined over 50% in the past year. According to InvestingPro analysis, the company currently shows a FAIR financial health rating.
Following this sale, Geoffrey retains ownership of 28,836 shares in the company. The transaction was reported in a recent SEC filing, providing transparency into insider activities at the oil and gas field services provider. With a market capitalization of $62 million and significant debt burden, InvestingPro analysis indicates the stock is currently undervalued, with 12 additional ProTips available to subscribers regarding the company’s financial position and market performance.
In other recent news, KLX Energy Services Holdings Inc. reported its financial results for the fourth quarter of 2024, revealing a revenue miss despite meeting earnings per share (EPS) expectations. The company posted an EPS of -0.8, aligning with forecasts, while revenue fell short at $165.5 million against a projected $173.65 million. This represents a 15% year-over-year decline in revenue. In another development, KLX Energy Services expanded its stock offering program by $25 million, increasing the potential total offering size to approximately $57.75 million. This expansion is part of a strategic move to raise additional capital through the sale of its common stock. Additionally, S&P Global Ratings upgraded KLX Energy Services’ credit rating to ’CCC+’ from ’ CCC (WA:CCCP)’, citing recent debt management actions. The company’s refinancing efforts included a new five-year, $232 million senior secured note offering and a new asset-based lending facility. Following these developments, S&P Global Ratings withdrew all ratings on KLX at the company’s request.
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