Weekly CFO Buys Highlight
According to GuruFocus insider data, the recent chief financial officer buys were KLX Energy Services Holdings Inc. (NASDAQ:KLXE) and QEP Resources Inc. (NYSE:QEP).
KLX Energy Services CFO bought 75,000 shares
Senior Vice President and CFO Thomas P. McCaffrey bought 75,000 shares for $12.11 per share on Aug. 22. Since then, the stock has fallen 17.18%. KLX Energy Services has a market cap of $236.757 million and its shares were traded around $10.03. The company has a price-sales ratio of 0.35.
The company announced its third-quarter results with revenue of $164 million and gross profit of $35.5 million, while the net income was $3.50 million. The 2018 total revenue was $495.30 million, a 55% increase from 2017. The gross profit was $125.30 million, a 142% increase from the year prior. The net income was $14.40 million.
Chairman, President and CEO Amin J. Khoury bought 100,000 shares for $11.85 per share on Aug. 21. Since then, the share price has decreased by 15.36%. Vice President and General Manager Gary J. Roberts bought 7,314 shares for $10.12 per share on Aug. 23. Since then, the share price has declined 0.89%. Director Richard Hamermesh bought 2,000 shares for $11.03 per share on Aug. 21. Since then, the share price has tumbled 9.07%.
QEP Resources CFO bought 25,000 shares
Executive Vice President and CFO Richard J. Doleshek bought 25,000 shares for $3.5 per share on Aug. 23. Since then, the stock has risen 1.71%. QEP Resources has a market cap of $846.969 million and its shares were traded around $3.56. The company has a price-sales ratio of 0.54. The trailing 12-month dividend yield is 0.56%, while the forward dividend yield is 2.25%.
QEP Resources announced its second-quarter results with revenue of $296.20 million and gross profit of $219.30 million, while the net income was $48.80 million. The 2018 total revenue was $1.93 billion, a 19% increase from 2017. The gross profit was $1.35 billion, a 51% increase from the year prior. The net loss was $1.01 billion.
President and CEO Timothy J. Cutt bought 15,000 shares for $4.04 per share on Aug. 9. Since then, the share price has decreased by 11.88%. Director David A. Trice bought 10,000 shares for $3.5 per share on Aug. 23. Since then, the share price has advanced 1.71%. Director Michael J. Minarovic bought 60,000 shares for $4 per share on Aug. 21. Since then, the share price has fallen 11%.
Disclosure: None.
This article first appeared on GuruFocus.
