HOUSTON — KLX Energy Services Holdings, Inc. revealed (NASDAQ:) recently announced a stock deal involving Lehner Keefer McGovern, the company's executive vice president and chief financial officer. According to a filing with the Securities and Exchange Commission, McGovern sold 1,000 shares of KLX Energy common stock on December 26, 2024. The shares were sold at a weighted average price of $4.48, resulting in a total transaction value of $4,480. The sale comes at a time when the stock has witnessed significant fluctuations InvestingPro Data shows a 61% decline over the past year and it is trading near its 52-week low of $4.18.
This transaction was executed pursuant to a predetermined Rule 10b5-1 trading plan, which McGovern adopted on September 26, 2024, for tax and estate planning purposes. Following this sale, McGovern has 90,988 shares in KLX Energy Services. according to InvestingPro Analysis The company is currently showing signs of being overvalued, with difficult fundamentals including negative EPS of -$2.94 and a high price/book multiple.
KLX Energy Services, headquartered in Houston, provides oil and gas field services. The company continues to navigate the complexities of the energy sector, with its executive team actively managing its equity portfolios. With annual revenues of $738 million and EBITDA of $80.2 million, the company faces ongoing challenges. Get deeper insights into KLXE's financial health and get 7 additional exclusive ProTips by subscribing to InvestingPro.
In other recent news, KLX Energy Services reported strong third-quarter performance, with revenue of $189 million and adjusted EBITDA of $28 million, beating previous expectations and achieving EBIT margin and depreciation and amortization (EBITDA) adjusted at 15%. These results come despite a difficult market environment, a decline in the number of onshore drilling rigs in the United States, and the spread of active track. The company's geographic distribution of revenue was balanced, with the Southwest and Rocky Mountain region contributing 36%, and the Northeast Mid-Con region contributing 28%.
KLX Energy Services also highlighted its strategic position and optimistic outlook for the coming years, with a focus on operational efficiency and growth in LNG exports and demand. For the fourth quarter, revenue is expected to decline 10% to 14% due to seasonal factors, with adjusted EBITDA margins between 9% and 13%. However, revenues are expected to grow positively by 5% to 10% for 2025, driven by increases in LNG export and data center demand.
These are part of KLX Energy Services' recent developments, which also include the launch of proprietary technology, the successful reorganization of its customer base and the modernization of its asset fleet. The Company remains open to equity-based partnerships that provide strategic fit and synergistic value, reflecting its commitment to operational excellence and safety.
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