KLX Energy Services (NASDAQ:KLXE) Trading Up 0.2% – Here’s What Happened

Shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) shot up 0.2% on Thursday . The company traded as high as $6.23 and last traded at $6.02. 106,656 shares were traded during trading, a decline of 37% from the average session 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 report on Monday, August 12th.

KLX Energy Services Stock Up 0.2 %

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 fifty day simple moving average is $5.40 and its two-hundred day simple moving average is $5.58. The stock has a market capitalization of $101.50 million, a P/E ratio of -2.03 and a beta of 2.00.

KLX Energy Services (NASDAQ:KLXE) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.08. The company had revenue of $188.90 million for the quarter, compared to analysts’ expectations of $181.60 million. KLX Energy Services had a negative net margin of 6.45% and a negative return on equity of 244.12%. As a group, research analysts expect that KLX Energy Services Holdings, Inc. will post -2.79 EPS for the current fiscal year.

Hedge Funds Weigh In On KLX Energy Services

A number of hedge funds have recently made changes to their positions in KLXE. 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 valued at $82,000 after purchasing an additional 2,500 shares during the period. Virtu Financial LLC bought a new stake in shares of KLX Energy Services in the 3rd quarter valued at $77,000. Barclays PLC increased its position in shares of KLX Energy Services by 56,523.3% during the third quarter. Barclays PLC now owns 24,348 shares of the company’s stock worth $133,000 after buying 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 buying an additional 7,328 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in KLX Energy Services in the third quarter valued at $146,000. 42.69% of the stock is currently owned by institutional investors.

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.