KLX Energy Services (NASDAQ:KLXE) Shares Up 2.5% – What’s Next?

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

Analyst Upgrades and Downgrades

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

KLX Energy Services Stock Up 0.2 %

The firm has a market capitalization of $101.67 million, a P/E ratio of -2.04 and a beta of 2.00. 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 stock has a fifty day moving average of $5.39 and a 200 day moving average of $5.59.

KLX Energy Services (NASDAQ:KLXE) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.40) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $188.90 million for the quarter, compared to the consensus estimate of $181.60 million. On average, research analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.79 EPS for the current fiscal year.

Institutional Investors Weigh In On KLX Energy Services

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of KLX Energy Services by 5.2% in the first quarter. Vanguard Group Inc. now owns 717,334 shares of the company’s stock valued at $5,552,000 after buying an additional 35,189 shares during the period. Virtu Financial LLC purchased a new stake in KLX Energy Services during the first quarter valued at about $122,000. Allspring Global Investments Holdings LLC boosted its position in KLX Energy Services by 89,460.0% during the second 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 during the period. American Century Companies Inc. increased its stake in shares of KLX Energy Services by 12.5% in the second quarter. American Century Companies Inc. now owns 177,965 shares of the company’s stock worth $881,000 after purchasing an additional 19,744 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of KLX Energy Services by 90.9% in 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. Hedge funds and other institutional investors own 42.69% of the company’s stock.

KLX Energy Services Company Profile

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.