KLX Energy Services (NASDAQ:KLXE) Trading Up 2.5% – Here’s Why

Shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) shot up 2.5% during trading on Friday . The stock traded as high as $6.22 and last traded at $6.17. 3,950 shares were traded during trading, a decline of 98% from the average session volume of 167,904 shares. The stock had previously closed at $6.02.

Wall Street Analyst Weigh In

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

KLX Energy Services Stock Performance

The stock has a market cap of $101.67 million, a P/E ratio of -2.08 and a beta of 2.00. The firm’s 50-day moving average is $5.39 and its two-hundred day moving average is $5.59. The company has a quick ratio of 1.08, a current ratio of 1.24 and a debt-to-equity ratio of 105.76.

KLX Energy Services (NASDAQ:KLXE) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.08. The company had revenue of $188.90 million for 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%. As a group, research analysts expect that KLX Energy Services Holdings, Inc. will post -2.79 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of KLX Energy Services by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 717,334 shares of the company’s stock worth $5,552,000 after buying an additional 35,189 shares during the period. American Century Companies Inc. boosted its position in shares of 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 buying an additional 19,744 shares during the period. Geode Capital Management LLC grew its stake in shares of KLX Energy Services by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 160,342 shares of the company’s stock worth $877,000 after acquiring an additional 7,328 shares in the last quarter. Clifford Capital Partners LLC increased its stake in KLX Energy Services by 13.7% in the 3rd quarter. Clifford Capital Partners LLC now owns 79,985 shares of the company’s stock valued at $438,000 after buying an additional 9,638 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in KLX Energy Services during the second quarter worth about $156,000. Institutional investors and hedge funds own 42.69% of the company’s stock.

About KLX Energy Services

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.