KLX Energy Services (NASDAQ:KLXE) Trading Down 3.4% – Here’s Why

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s stock price fell 3.4% on Tuesday . The company traded as low as $4.28 and last traded at $4.32. 32,386 shares changed 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 Stock 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 company has a market cap of $75.53 million, a P/E ratio of -1.46 and a beta of 2.12. The firm has a 50 day moving average price of $5.28 and a 200-day moving average price of $5.57.

KLX Energy Services (NASDAQ:KLXE) last released its quarterly 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 net margin of 6.45% and a negative return on equity of 244.12%. The company had revenue of $188.90 million for the quarter, compared to analyst estimates of $181.60 million. On average, research analysts predict that KLX Energy Services Holdings, Inc. will post -2.83 EPS for the current year.

Institutional Trading of KLX Energy Services

Several hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its position in shares of KLX Energy Services by 89,460.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 8,956 shares of the company’s stock valued at $44,000 after acquiring an additional 8,946 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in KLX Energy Services in the 3rd quarter worth $58,000. Virtu Financial LLC bought a new position in shares of KLX Energy Services during the 3rd quarter worth about $77,000. SkyView Investment Advisors LLC raised its position in shares of KLX Energy Services by 20.0% during the third quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company’s stock valued at $82,000 after buying an additional 2,500 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of KLX Energy Services in the second quarter valued at about $84,000. Institutional investors 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.