KLX Energy Services (NASDAQ:KLXE) Shares Down 7.4% - What's Next?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report) shares dropped 7.4% on Wednesday . The stock traded as low as $5.97 and last traded at $6.01. Approximately 86,914 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 125,281 shares. The stock had previously closed at $6.49.

Analysts Set New Price Targets

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

KLX Energy Services Stock Up 0.2 %

The business has a 50 day moving average of $5.39 and a two-hundred day moving average of $5.58. The company has a debt-to-equity ratio of 105.76, a quick ratio of 1.08 and a current ratio of 1.24. The stock has a market capitalization of $101.50 million, a PE ratio of -2.03 and a beta of 2.00.

KLX Energy Services (NASDAQ:KLXE - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.40) EPS for the quarter, beating 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 business had revenue of $188.90 million during the quarter, compared to analyst estimates of $181.60 million. Analysts predict that KLX Energy Services Holdings, Inc. will post -2.79 EPS for the current year.

Institutional Investors Weigh In On KLX Energy Services

Several institutional investors have recently bought and sold shares of the company. SkyView Investment Advisors LLC lifted its holdings in shares of KLX Energy Services by 20.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company's stock valued at $82,000 after purchasing an additional 2,500 shares during the last quarter. Virtu Financial LLC acquired a new position in KLX Energy Services during the 3rd quarter valued at about $77,000. Barclays PLC raised its stake in KLX Energy Services by 56,523.3% in the third quarter. Barclays PLC now owns 24,348 shares of the company's stock valued at $133,000 after buying an additional 24,305 shares during the last quarter. Geode Capital Management LLC boosted its holdings in KLX Energy Services by 4.8% in the third quarter. Geode Capital Management LLC now owns 160,342 shares of the company's stock worth $877,000 after acquiring an additional 7,328 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of KLX Energy Services during the third quarter worth about $146,000. 42.69% of the stock is currently owned by institutional investors and hedge funds.

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.

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