KLX Energy Services (NASDAQ:KLXE) Shares Up 3.6% - Should You Buy?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report)'s share price rose 3.6% during trading on Monday . The company traded as high as $5.27 and last traded at $5.14. Approximately 15,456 shares changed hands during trading, a decline of 91% from the average daily volume of 166,297 shares. The stock had previously closed at $4.96.

Analyst Upgrades and Downgrades

Separately, Singular Research upgraded KLX Energy Services to a "strong-buy" rating in a research note on Monday, August 12th.

KLX Energy Services Trading Up 0.2 %

The company has a quick ratio of 1.08, a current ratio of 1.24 and a debt-to-equity ratio of 105.76. The firm has a market cap of $83.79 million, a P/E ratio of -1.74 and a beta of 2.12. The firm's 50-day simple moving average is $5.36 and its 200 day simple moving average is $5.58.

KLX Energy Services (NASDAQ:KLXE - Get Free Report) last posted its quarterly earnings data 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 return on equity of 244.12% and a negative net margin of 6.45%. The business had revenue of $188.90 million for the quarter, compared to the consensus estimate of $181.60 million. As a group, analysts expect that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current year.

Institutional Investors Weigh In On KLX Energy Services

Several large investors have recently added to or reduced their stakes in KLXE. PEAK6 Investments LLC lifted its holdings in KLX Energy Services by 566.6% during the third quarter. PEAK6 Investments LLC now owns 29,882 shares of the company's stock valued at $163,000 after purchasing an additional 36,286 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of KLX Energy Services by 5.2% during the 1st 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 in the last quarter. Cubist Systematic Strategies LLC bought a new position in KLX Energy Services in the 2nd quarter worth approximately $156,000. XTX Topco Ltd purchased a new position in KLX Energy Services in the 3rd quarter valued at approximately $146,000. Finally, Barclays PLC lifted its position in shares of KLX Energy Services by 56,523.3% during the third quarter. Barclays PLC now owns 24,348 shares of the company's stock worth $133,000 after acquiring an additional 24,305 shares in the last quarter. Hedge funds and other 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.

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