KLX Energy Services (NASDAQ:KLXE) Stock Price Up 0.2% - Still a Buy?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Get Free Report) shares rose 0.2% during mid-day trading on Thursday . The stock traded as high as $6.23 and last traded at $6.02. Approximately 106,656 shares changed hands during trading, a decline of 37% from the average daily volume of 168,618 shares. The stock had previously closed at $6.01.

Wall Street Analyst Weigh In

Separately, Singular Research upgraded KLX Energy Services to a "strong-buy" rating in a research note on Monday, August 12th.

KLX Energy Services Stock Performance

The company has a quick ratio of 1.08, a current ratio of 1.24 and a debt-to-equity ratio of 105.76. The stock's fifty day moving average is $5.40 and its two-hundred day moving average is $5.58. The firm has a market capitalization of $101.50 million, a price-to-earnings ratio of -2.03 and a beta of 2.00.

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, beating 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 net margin of 6.45% and a negative return on equity of 244.12%. On average, analysts predict that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current year.

Institutional Trading of KLX Energy Services

A number of hedge funds have recently made changes to their positions in KLXE. SkyView Investment Advisors LLC increased its holdings in shares of 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 during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 7,328 shares during the last quarter. Clifford Capital Partners LLC raised its position in shares of KLX Energy Services by 13.9% in the second quarter. Clifford Capital Partners LLC now owns 70,347 shares of the company's stock valued at $348,000 after purchasing an additional 8,589 shares during the period. PDT Partners LLC lifted its stake in shares of KLX Energy Services by 82.4% during the 3rd quarter. PDT Partners LLC now owns 19,699 shares of the company's stock worth $108,000 after buying an additional 8,901 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of KLX Energy Services by 89,460.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 8,956 shares of the company's stock worth $44,000 after buying an additional 8,946 shares during the period. 42.69% of the stock is owned by institutional investors and hedge funds.

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.