KLX Energy Services (NASDAQ:KLXE) Trading Up 1.1% – What’s Next?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) shares rose 1.1% on Friday . The stock traded as high as $6.24 and last traded at $6.19. Approximately 10,589 shares traded hands during trading, a decline of 94% from the average daily volume of 168,972 shares. The stock had previously closed at $6.12.

Analyst Ratings Changes

Separately, Singular Research upgraded shares of KLX Energy Services to a “strong-buy” rating in a report on Monday, August 12th.

KLX Energy Services Price Performance

The company has a 50 day moving average of $5.35 and a 200 day moving average of $5.58. The company has a debt-to-equity ratio of 105.76, a quick ratio of 1.08 and a current ratio of 1.24. The stock has a market capitalization of $106.56 million, a price-to-earnings ratio of -2.14 and a beta of 2.00.

KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.08. KLX Energy Services had a negative return on equity of 244.12% and a negative net margin of 6.45%. The business had revenue of $188.90 million during the quarter, compared to analysts’ expectations of $181.60 million. As a group, equities research analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.79 EPS for the current year.

Institutional Investors Weigh In On KLX Energy Services

Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in KLX Energy Services by 5.2% in the first quarter. Vanguard Group Inc. now owns 717,334 shares of the company’s stock valued at $5,552,000 after buying an additional 35,189 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of KLX Energy Services during the 1st quarter worth about $91,000. Virtu Financial LLC purchased a new position in shares of KLX Energy Services in the 1st quarter valued at about $122,000. Allspring Global Investments Holdings LLC raised its position in shares of KLX Energy Services by 89,460.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 8,956 shares of the company’s stock worth $44,000 after acquiring an additional 8,946 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in KLX Energy Services by 12.5% during the second quarter. American Century Companies Inc. now owns 177,965 shares of the company’s stock worth $881,000 after purchasing an additional 19,744 shares during the last quarter. 42.69% of the stock is owned by hedge funds and other institutional investors.

KLX Energy Services Company Profile

KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules.