KLX Energy Services (NASDAQ:KLXE) Trading 3.8% Higher – Here’s Why

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s share price was up 3.8% during mid-day trading on Wednesday . The company traded as high as $4.91 and last traded at $4.89. Approximately 27,470 shares were traded during trading, a decline of 83% from the average daily volume of 164,810 shares. The stock had previously closed at $4.71.

KLX Energy Services Stock Up 1.5 %

The company’s 50-day simple moving average is $5.28 and its 200 day simple moving average is $5.57. The company has a debt-to-equity ratio of 105.76, a current ratio of 1.24 and a quick ratio of 1.08. The firm has a market cap of $80.59 million, a P/E ratio of -1.61 and a beta of 2.12.

KLX Energy Services (NASDAQ:KLXE) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $188.90 million during the quarter, compared to analyst estimates of $181.60 million. Research analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KLXE. SkyView Investment Advisors LLC grew its position in KLX Energy Services by 20.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company’s stock valued at $82,000 after acquiring an additional 2,500 shares during the last quarter. Virtu Financial LLC bought a new stake in KLX Energy Services during the 3rd quarter valued at about $77,000. Barclays PLC boosted its position in KLX Energy Services by 56,523.3% in the 3rd quarter. Barclays PLC now owns 24,348 shares of the company’s stock valued at $133,000 after buying an additional 24,305 shares during the period. Geode Capital Management LLC grew its stake in KLX Energy Services by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 160,342 shares of the company’s stock worth $877,000 after acquiring an additional 7,328 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of KLX Energy Services during the third quarter worth approximately $146,000. 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.