KLX Energy Services (NASDAQ:KLXE) Stock Price Up 4.4% – Time to Buy?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) shares rose 4.4% during trading on Monday . The company traded as high as $6.60 and last traded at $6.60. Approximately 26,822 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 168,786 shares. The stock had previously closed at $6.32.

Wall Street Analyst Weigh In

Separately, Singular Research upgraded KLX Energy Services to a “strong-buy” rating in a report on Monday, August 12th.

KLX Energy Services Stock Performance

The firm has a market capitalization of $101.50 million, a P/E ratio of -2.03 and a beta of 2.00. 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 stock’s 50 day moving average is $5.39 and its two-hundred day moving average is $5.58.

KLX Energy Services (NASDAQ:KLXE) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.08. The business had revenue of $188.90 million for the quarter, compared to analyst estimates 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 analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current fiscal year.

Institutional Trading of KLX Energy Services

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in KLX Energy Services by 89,460.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 8,956 shares of the company’s stock valued at $44,000 after purchasing an additional 8,946 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of KLX Energy Services during the third quarter worth $58,000. Virtu Financial LLC bought a new stake in shares of KLX Energy Services in the 3rd quarter valued at $77,000. SkyView Investment Advisors LLC increased its position in shares of 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 buying an additional 2,500 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in KLX Energy Services during the second quarter worth about $84,000. 42.69% of the stock is owned by institutional investors.

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.