KLX Energy Services (NASDAQ:KLXE) Trading Down 3.7% - What's Next?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report)'s share price fell 3.7% during mid-day trading on Thursday . The company traded as low as $5.03 and last traded at $5.24. 56,768 shares were traded during mid-day trading, a decline of 66% from the average session volume of 166,797 shares. The stock had previously closed at $5.44.

Wall Street Analyst Weigh In

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 Stock Performance

The stock has a market cap of $86.49 million, a PE ratio of -1.77 and a beta of 2.12. The firm's 50-day moving average is $5.38 and its 200 day moving average is $5.58. 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 data 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 company had revenue of $188.90 million during the quarter, compared to analysts' expectations of $181.60 million. KLX Energy Services had a negative return on equity of 244.12% and a negative net margin of 6.45%. As a group, research analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.79 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SkyView Investment Advisors LLC increased its position 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 purchasing an additional 2,500 shares during the period. Virtu Financial LLC purchased a new position in KLX Energy Services in the third quarter worth $77,000. Barclays PLC raised 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 worth $133,000 after acquiring an additional 24,305 shares in the last quarter. Geode Capital Management LLC lifted its holdings in KLX Energy Services by 4.8% in the third quarter. Geode Capital Management LLC now owns 160,342 shares of the company's stock valued at $877,000 after acquiring an additional 7,328 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of KLX Energy Services during the 3rd quarter worth $146,000. 42.69% of the stock is currently owned by institutional investors and hedge funds.

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.

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