KLX Energy Services (NASDAQ:KLXE) Shares Down 1.5% – Time to Sell?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXEGet Free Report) traded down 1.5% during mid-day trading on Monday . The company traded as low as $5.85 and last traded at $5.94. 15,344 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 167,292 shares. The stock had previously closed at $6.03.

Analyst Ratings Changes

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

Get Our Latest Stock Report on KLXE

KLX Energy Services Trading Down 3.7 %

The company has a debt-to-equity ratio of 105.76, a current ratio of 1.24 and a quick ratio of 1.08. The company’s fifty day moving average is $5.38 and its 200-day moving average is $5.58. The stock has a market cap of $91.72 million, a PE ratio of -1.84 and a beta of 2.12.

KLX Energy Services (NASDAQ:KLXEGet Free Report) last issued its 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. KLX Energy Services had a negative net margin of 6.45% and a negative return on equity of 244.12%. The firm had revenue of $188.90 million during the quarter, compared to analysts’ expectations of $181.60 million. On average, analysts predict that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KLX Energy Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SkyView Investment Advisors LLC boosted its position in KLX Energy Services by 20.0% during 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 during the last quarter. Virtu Financial LLC purchased a new stake in shares of KLX Energy Services in the 3rd quarter valued at approximately $77,000. Barclays PLC raised its stake in shares of KLX Energy Services by 56,523.3% in the 3rd quarter. Barclays PLC now owns 24,348 shares of the company’s stock valued at $133,000 after acquiring an additional 24,305 shares during the period. Geode Capital Management LLC increased its stake in 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 buying an additional 7,328 shares during the period. Finally, XTX Topco Ltd purchased a new stake in KLX Energy Services during the 3rd quarter worth approximately $146,000. 42.69% of the stock is currently owned by institutional investors and hedge funds.

About KLX Energy Services

(Get Free Report)

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.

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