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

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) shares rose 0.2% on Wednesday . The company traded as high as $5.34 and last traded at $5.15. Approximately 23,646 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 165,581 shares. The stock had previously closed at $5.14.

KLX Energy Services Trading Down 2.0 %

The business’s 50-day moving average price is $5.32 and its 200-day moving average price is $5.57. The firm has a market capitalization of $81.27 million, a PE ratio of -1.64 and a beta of 2.12. 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) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $181.60 million. As a group, analysts expect that KLX Energy Services Holdings, Inc. will post -2.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KLXE. SkyView Investment Advisors LLC boosted its stake 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 purchasing an additional 2,500 shares during the last quarter. Virtu Financial LLC acquired a new position in KLX Energy Services in the third quarter valued at $77,000. Barclays PLC boosted its stake in KLX Energy Services by 56,523.3% in the 3rd 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 last quarter. Geode Capital Management LLC grew its holdings 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 valued at $877,000 after buying an additional 7,328 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of KLX Energy Services during the 3rd quarter worth about $146,000. Institutional investors and hedge funds own 42.69% of the company’s stock.

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.