KLX Energy Services (NASDAQ:KLXE) Trading Up 0.7% – Here’s What Happened

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) was up 0.7% on Wednesday . The stock traded as high as $6.03 and last traded at $5.83. Approximately 22,403 shares were traded during trading, a decline of 87% from the average daily volume of 169,547 shares. The stock had previously closed at $5.79.

Analyst Upgrades and Downgrades

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

KLX Energy Services Stock Up 2.3 %

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 fifty day moving average price is $5.31 and its two-hundred day moving average price is $5.58. The stock has a market cap of $103.18 million, a price-to-earnings ratio of -2.07 and a beta of 2.00.

KLX Energy Services (NASDAQ:KLXE) last posted its earnings results on Thursday, October 31st. The company reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.08. The company had revenue of $188.90 million during the quarter, compared to the consensus estimate of $181.60 million. KLX Energy Services had a negative net margin of 6.45% and a negative return on equity of 244.12%. Sell-side analysts forecast 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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SkyView Investment Advisors LLC increased its position in shares of 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 in the last quarter. Geode Capital Management LLC grew its position in KLX Energy Services by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 160,342 shares of the company’s stock worth $877,000 after purchasing an additional 7,328 shares in the last quarter. Clifford Capital Partners LLC grew its position in KLX Energy Services by 13.9% in the 2nd quarter. Clifford Capital Partners LLC now owns 70,347 shares of the company’s stock worth $348,000 after purchasing an additional 8,589 shares in the last quarter. PDT Partners LLC grew its position in KLX Energy Services by 82.4% in the 3rd quarter. PDT Partners LLC now owns 19,699 shares of the company’s stock worth $108,000 after purchasing an additional 8,901 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in KLX Energy Services by 89,460.0% in the 2nd 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 in the last quarter. 42.69% of the stock is 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.