KLX Energy Services (NASDAQ:KLXE) Trading Down 3.5% - Here's What Happened

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report)'s share price traded down 3.5% during mid-day trading on Thursday . The stock traded as low as $4.96 and last traded at $4.97. 7,222 shares were traded during mid-day trading, a decline of 96% from the average session volume of 165,317 shares. The stock had previously closed at $5.15.

KLX Energy Services Stock Performance

The company has a market capitalization of $82.95 million, a PE ratio of -1.66 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. The business's 50-day moving average is $5.32 and its 200-day moving average is $5.57.

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 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 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 earnings per share for the current year.

Hedge Funds Weigh In On KLX Energy Services

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC bought a new position in KLX Energy Services in the 3rd quarter worth about $58,000. Dimensional Fund Advisors LP lifted its stake 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 worth $130,000 after buying an additional 12,485 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of KLX Energy Services by 5.2% during 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 last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of KLX Energy Services during the second quarter valued at approximately $156,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in KLX Energy Services in the 2nd quarter worth approximately $84,000. 42.69% of the stock is currently owned by institutional investors.

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.