KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report)'s share price traded down 3.4% on Tuesday . The stock traded as low as $4.28 and last traded at $4.32. 32,386 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 164,867 shares. The stock had previously closed at $4.47.
KLX Energy Services Price Performance
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 stock's 50-day moving average is $5.28 and its two-hundred day moving average is $5.57. The stock has a market cap of $79.41 million, a PE ratio of -1.59 and a beta of 2.12.
KLX Energy Services (NASDAQ:KLXE - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported ($0.40) EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $181.60 million. On average, equities analysts predict that KLX Energy Services Holdings, Inc. will post -2.83 earnings per share for the current year.
Institutional Investors Weigh In On KLX Energy Services
A number of hedge funds and other institutional investors have recently modified their holdings of KLXE. Allspring Global Investments Holdings LLC raised its holdings in KLX Energy Services by 89,460.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 8,956 shares of the company's stock worth $44,000 after purchasing an additional 8,946 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of KLX Energy Services in the 3rd quarter valued at $58,000. Virtu Financial LLC acquired a new stake in KLX Energy Services during the 3rd quarter worth $77,000. SkyView Investment Advisors LLC raised its stake in KLX Energy Services by 20.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company's stock worth $82,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in KLX Energy Services in the second quarter valued at $84,000. 42.69% of the stock is currently owned by institutional investors and hedge funds.
About KLX Energy Services
(
Get Free Report)
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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