KLX Energy Services (NASDAQ:KLXE) Shares Up 3.8% – What’s Next?

Shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) traded up 3.8% during mid-day trading on Wednesday . The company traded as high as $4.91 and last traded at $4.89. 27,470 shares changed hands during trading, a decline of 83% from the average session volume of 164,810 shares. The stock had previously closed at $4.71.

KLX Energy Services Trading Down 4.8 %

The business’s fifty day moving average is $5.25 and its two-hundred day moving average is $5.56. The company has a quick ratio of 1.08, a current ratio of 1.24 and a debt-to-equity ratio of 105.76. The firm has a market cap of $74.35 million, a price-to-earnings ratio of -1.49 and a beta of 2.12.

KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.40) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.08. The firm had revenue of $188.90 million for the quarter, compared to analyst estimates of $181.60 million. KLX Energy Services had a negative return on equity of 244.12% and a negative net margin of 6.45%. Equities analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.83 earnings per share for the current fiscal year.

Institutional Trading of KLX Energy Services

Several hedge funds have recently modified their holdings of KLXE. Sequoia Financial Advisors LLC bought a new stake in shares of KLX Energy Services during the third quarter worth about $58,000. Dimensional Fund Advisors LP boosted its holdings in shares of KLX Energy Services by 90.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 26,215 shares of the company’s stock worth $130,000 after buying an additional 12,485 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in KLX Energy Services during the second quarter valued at about $156,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in KLX Energy Services in the second quarter worth about $84,000. Finally, Allspring Global Investments Holdings LLC increased its stake 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 purchasing an additional 8,946 shares during the last quarter. Institutional investors own 42.69% of the company’s stock.

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.