KLX Energy Services (NASDAQ:KLXE) Trading 3.8% Higher - What's Next?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report) shares were up 3.8% on Wednesday . The company traded as high as $4.91 and last traded at $4.89. Approximately 27,470 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 164,810 shares. The stock had previously closed at $4.71.

KLX Energy Services Trading Down 1.7 %

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 firm has a market capitalization of $78.06 million, a price-to-earnings ratio of -1.56 and a beta of 2.12. The business has a fifty day moving average price of $5.26 and a 200 day moving average price of $5.57.

KLX Energy Services (NASDAQ:KLXE - Get Free Report) last announced 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 firm had revenue of $188.90 million during the quarter, compared to analysts' expectations 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 -2.83 earnings per share for the current year.

Institutional Trading of KLX Energy Services

Hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. grew 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 purchasing an additional 19,744 shares in the last quarter. Geode Capital Management LLC grew its position in shares of KLX Energy Services by 4.8% during the third quarter. Geode Capital Management LLC now owns 160,342 shares of the company's stock worth $877,000 after buying an additional 7,328 shares in the last quarter. Clifford Capital Partners LLC increased its stake in shares of KLX Energy Services by 13.7% in the third quarter. Clifford Capital Partners LLC now owns 79,985 shares of the company's stock worth $438,000 after buying an additional 9,638 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in KLX Energy Services in the second quarter valued at $156,000. Finally, PEAK6 Investments LLC boosted its stake in KLX Energy Services by 566.6% during the 3rd quarter. PEAK6 Investments LLC now owns 29,882 shares of the company's stock valued at $163,000 after acquiring an additional 36,286 shares during the last quarter. 42.69% of the stock is owned by hedge funds and other institutional investors.

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.