KLX Energy Services (NASDAQ:KLXE) Stock Price Up 0.2% – Here’s Why

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) rose 0.2% on Wednesday . The stock traded as high as $5.34 and last traded at $5.15. Approximately 23,646 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 165,581 shares. The stock had previously closed at $5.14.

KLX Energy Services Price Performance

The company has a market cap of $81.27 million, a price-to-earnings ratio of -1.64 and a beta of 2.12. The company’s 50-day simple moving average is $5.32 and its 200-day simple moving average is $5.57. The company has a debt-to-equity ratio of 105.76, a current ratio of 1.24 and a quick ratio of 1.08.

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

Hedge Funds Weigh In On KLX Energy Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its position in shares of KLX Energy Services by 89,460.0% during the second 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 period. Sequoia Financial Advisors LLC purchased a new position in KLX Energy Services in the 3rd quarter worth about $58,000. Virtu Financial LLC acquired a new position in shares of KLX Energy Services in the third quarter worth about $77,000. SkyView Investment Advisors LLC increased its position in shares of KLX Energy Services by 20.0% in the third quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company’s stock worth $82,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KLX Energy Services during the second quarter valued at approximately $84,000. 42.69% of the stock is owned by 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.