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

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s share price shot up 3.8% during trading on Wednesday . The company traded as high as $4.91 and last traded at $4.89. 27,470 shares traded hands during mid-day 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 Up 1.5 %

The company has a market capitalization of $80.59 million, a PE ratio of -1.61 and a beta of 2.12. 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 firm’s 50 day moving average is $5.28 and its 200 day moving average is $5.57.

KLX Energy Services (NASDAQ:KLXE) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.08. The business had revenue of $188.90 million for the quarter, compared to analysts’ expectations 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, equities analysts predict 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 hedge funds have recently bought and sold shares of the company. PEAK6 Investments LLC raised its stake in KLX Energy Services by 566.6% during the 3rd quarter. PEAK6 Investments LLC now owns 29,882 shares of the company’s stock valued at $163,000 after buying an additional 36,286 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of KLX Energy Services during the second quarter worth $156,000. XTX Topco Ltd bought a new stake in shares of KLX Energy Services in the third quarter worth about $146,000. Barclays PLC lifted its position in shares of KLX Energy Services by 56,523.3% in the third quarter. Barclays PLC now owns 24,348 shares of the company’s stock worth $133,000 after buying an additional 24,305 shares in the last quarter. Finally, American Century Companies Inc. boosted 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 valued at $881,000 after buying an additional 19,744 shares during the last quarter. Institutional investors 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.