KLX Energy Services (NASDAQ:KLXE) Stock Price Down 1.2% - Should You Sell?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report) was down 1.2% on Monday . The stock traded as low as $4.75 and last traded at $4.76. Approximately 18,366 shares changed hands during trading, a decline of 89% from the average daily volume of 164,669 shares. The stock had previously closed at $4.82.

KLX Energy Services Stock Performance

The firm has a 50 day moving average of $5.28 and a two-hundred day moving average of $5.57. 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 market cap of $75.36 million, a PE ratio of -1.51 and a beta of 2.12.

KLX Energy Services (NASDAQ:KLXE - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.08. The business 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%. Research analysts predict that KLX Energy Services Holdings, Inc. will post -2.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 purchasing an additional 35,189 shares during the period. Allspring Global Investments Holdings LLC increased 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 valued at $44,000 after acquiring an additional 8,946 shares during the period. American Century Companies Inc. raised its stake in KLX Energy Services by 12.5% during the 2nd quarter. American Century Companies Inc. now owns 177,965 shares of the company's stock valued at $881,000 after acquiring an additional 19,744 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in KLX Energy Services by 90.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,215 shares of the company's stock worth $130,000 after acquiring an additional 12,485 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of KLX Energy Services in the 2nd quarter valued at approximately $156,000. Institutional investors and hedge funds 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.