5 Best Multibagger Stocks to Buy Now

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In this article, we discuss 5 best multibagger stocks to buy now. If you want to see more stocks in this selection, check out 12 Best Multibagger Stocks to Buy Now

5. KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

1-Year Share Price Gain as of December 13: 312.35%

Number of Hedge Fund Holders: 7

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) is a Texas-based company that provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company posted a Q3 revenue of $221.6 million, up 59.4% year-over-year, beating market estimates by $6.6 million. For full-year 2022, KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) reported revenue guidance of $780 million-$790 million, versus a consensus of $765 million. 

On November 21, EF Hutton analyst Ben Piggott initiated coverage of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) with a Buy rating and a $35 price target. He remains bullish on North American service activity and sees KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) being well positioned to benefit from solid price momentum in oil and gas, the analyst told investors.

According to Insider Monkey’s Q3 data, KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) was part of 7 hedge fund portfolios, compared to 8 in the prior quarter. Jeffrey Gendell’s Tontine Asset Management is the largest stakeholder of the company, with 788,356 shares worth $6.5 million.  

Follow Klx Energy Services Holdings Inc. (NASDAQ:KLXE)

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