KLX Energy Services (NASDAQ:KLXE) Trading Down 0.2% – Should You Sell?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s stock price dropped 0.2% on Thursday . The company traded as low as $5.91 and last traded at $5.97. Approximately 21,558 shares were traded during trading, a decline of 87% from the average daily volume of 169,214 shares. The stock had previously closed at $5.98.

Analyst Upgrades and Downgrades

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

KLX Energy Services Trading Up 2.8 %

The stock has a market cap of $103.69 million, a PE ratio of -2.02 and a beta of 2.00. The company has a current ratio of 1.24, a quick ratio of 1.08 and a debt-to-equity ratio of 105.76. The firm has a fifty day simple moving average of $5.31 and a two-hundred day simple moving average of $5.58.

KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.08. The company had revenue of $188.90 million for the quarter, compared to analysts’ expectations of $181.60 million. KLX Energy Services had a negative return on equity of 244.12% and a negative net margin of 6.45%. As a group, equities analysts expect that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KLX Energy Services

A number of large investors have recently made changes to their positions in KLXE. Sequoia Financial Advisors LLC purchased a new position in KLX Energy Services during the third quarter valued at $58,000. Dimensional Fund Advisors LP raised its position in KLX Energy Services by 90.9% during the second quarter. Dimensional Fund Advisors LP now owns 26,215 shares of the company’s stock valued at $130,000 after purchasing an additional 12,485 shares during the period. Vanguard Group Inc. raised its position in KLX Energy Services by 5.2% during the first quarter. Vanguard Group Inc. now owns 717,334 shares of the company’s stock valued at $5,552,000 after purchasing an additional 35,189 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of KLX Energy Services in the second quarter worth approximately $156,000. Finally, Virtu Financial LLC purchased a new stake in shares of KLX Energy Services in the first quarter worth approximately $122,000. 42.69% of the stock is currently owned by institutional investors.

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.