KLX Energy Services (NASDAQ:KLXE) Stock Price Down 3.7% – Time to Sell?

Shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) traded down 3.7% on Thursday . The company traded as low as $5.03 and last traded at $5.24. 56,768 shares changed hands during 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 KLX Energy Services to a “strong-buy” rating in a report on Monday, August 12th.

KLX Energy Services Stock Down 0.9 %

The company has a 50 day moving average price of $5.36 and a 200 day moving average price of $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.

KLX Energy Services (NASDAQ:KLXE) last released its earnings results on Thursday, October 31st. The company reported ($0.40) EPS for the quarter, beating the consensus estimate 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, equities research analysts expect that KLX Energy Services Holdings, Inc. will post -2.79 EPS for the current year.

Institutional Investors Weigh In On KLX Energy Services

A number of institutional investors have recently made changes to their positions in KLXE. SkyView Investment Advisors LLC lifted its holdings in KLX Energy Services by 20.0% during the third 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 in the last quarter. Virtu Financial LLC bought a new position in KLX Energy Services during the third quarter worth about $77,000. Barclays PLC lifted its holdings in 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 acquiring an additional 24,305 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 7,328 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in KLX Energy Services during the third quarter worth about $146,000. 42.69% of the stock is 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.