KLX Energy Services (NASDAQ:KLXE) Trading 2.5% Higher - What's Next?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report) shares traded up 2.5% on Friday . The stock traded as high as $6.22 and last traded at $6.17. 3,950 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 167,904 shares. The stock had previously closed at $6.02.

Wall Street Analysts Forecast Growth

Separately, Singular Research raised shares of KLX Energy Services to a "strong-buy" rating in a research report on Monday, August 12th.

KLX Energy Services Trading Up 0.2 %

The firm has a market cap of $101.67 million, a P/E ratio of -2.08 and a beta of 2.00. The company's 50 day moving average is $5.39 and its two-hundred day moving average is $5.59. The company has a debt-to-equity ratio of 105.76, a current ratio of 1.24 and a quick ratio of 1.08.

KLX Energy Services (NASDAQ:KLXE - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.40) EPS for the quarter, topping analysts' consensus estimates of ($0.48) by $0.08. The company had revenue of $188.90 million during the quarter, compared to the consensus estimate of $181.60 million. KLX Energy Services had a negative return on equity of 244.12% and a negative net margin of 6.45%. On average, sell-side analysts predict that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC grew its stake in shares of KLX Energy Services by 20.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company's stock valued at $82,000 after purchasing an additional 2,500 shares during the period. Virtu Financial LLC acquired a new stake in KLX Energy Services in the 3rd quarter valued at $77,000. Barclays PLC grew its position in KLX Energy Services by 56,523.3% in the third quarter. Barclays PLC now owns 24,348 shares of the company's stock valued at $133,000 after acquiring an additional 24,305 shares during the period. Geode Capital Management LLC raised its stake in 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 acquiring an additional 7,328 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of KLX Energy Services during the third quarter valued at $146,000. Institutional investors and hedge funds own 42.69% of the company's stock.

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.