KLX Energy Services (NASDAQ:KLXE) Stock Price Down 2.2% - Time to Sell?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report) dropped 2.2% during mid-day trading on Friday . The stock traded as low as $4.84 and last traded at $4.89. Approximately 28,767 shares traded hands during trading, a decline of 83% from the average daily volume of 166,618 shares. The stock had previously closed at $5.00.

Analyst Ratings Changes

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

KLX Energy Services Trading Down 2.0 %

The stock has a 50-day moving average price of $5.37 and a two-hundred day moving average price of $5.58. The stock has a market capitalization of $82.61 million, a PE ratio of -1.65 and a beta of 2.12. The company has a debt-to-equity ratio of 105.76, a quick ratio of 1.08 and a current ratio of 1.24.

KLX Energy Services (NASDAQ:KLXE - Get Free Report) last posted 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. The business had revenue of $188.90 million during the quarter, compared to analyst estimates of $181.60 million. KLX Energy Services had a negative net margin of 6.45% and a negative return on equity of 244.12%. As a group, equities analysts forecast 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

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted 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 worth $5,552,000 after acquiring an additional 35,189 shares during the period. American Century Companies Inc. lifted its holdings in KLX Energy Services by 12.5% in the 2nd 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. Geode Capital Management LLC boosted its stake 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 during the period. Clifford Capital Partners LLC raised its position in shares of KLX Energy Services by 13.7% during the third quarter. Clifford Capital Partners LLC now owns 79,985 shares of the company's stock valued at $438,000 after buying an additional 9,638 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of KLX Energy Services in the second quarter worth $156,000. 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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