Stephens set a $45.00 price target on DXP Enterprises and gave the company a “buy” rating in a report on Sunday, August 21st.

“Despite the positive sentiment surrounding the North American land market, it is important to remember that our world is still a tale of two cycles. The North America market appears to have rounded the corner, but the international downward cycle is still playing out,” chairman and CEO Dave Lesar said.

“In the international markets, low commodity prices have stressed budgets and have impacted economics across deepwater and mature field markets, which led to decreased activity and pricing throughout 2016,” the executive noted.

Ryan Merkel

All right. And then speaking of the new administration maybe I’ll just ask that question, how are you feeling about potential of the new polices being a tailwind for your business and maybe discard if the Keystone pipeline happens, is that a positive for your business?

David Little

Well, Keystone would be a very positive for our business and I think its impossible politicians can say if they may want to, but I mean be impossible the oil and gas 100% sufficient not have imports and et cetera. But that said, I think anybody that’s going to be favorable to moving in that direction has to be very, very positive for DXP have an concerns more about domestic versus be in a global international company has to be positive for DXP. So we’re – we’ll see, I mean it’s like I said the politicians can say what they want to, but then when it comes down to reality and what they can get done, we’ll have to see, but it doesn’t seem to be anything that’s negative.

In related news, insider Todd Hamlin sold 1,500 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $30.08, for a total value of $45,120.00. Following the sale, the insider now owns 22,168 shares of the company’s stock, valued at $666,813.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.30% of the stock is currently owned by corporate insiders.

pisa schreef: Er is ook een insider die verkoopt...