KLX Energy Services (NASDAQ:KLXE) Trading 2.5% Higher – Still a Buy?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s share price traded up 2.5% during trading on Friday . The stock traded as high as $6.22 and last traded at $6.17. 3,950 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 167,904 shares. The stock had previously closed at $6.02.

Analyst Ratings Changes

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

KLX Energy Services Trading Up 0.2 %

The company has a current ratio of 1.24, a quick ratio of 1.08 and a debt-to-equity ratio of 105.76. The company has a market capitalization of $101.67 million, a price-to-earnings ratio of -2.08 and a beta of 2.00. The company has a fifty day moving average of $5.39 and a 200-day moving average of $5.59.

KLX Energy Services (NASDAQ:KLXE) last posted its 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. KLX Energy Services had a negative return on equity of 244.12% and a negative net margin of 6.45%. The company had revenue of $188.90 million during the quarter, compared to analysts’ expectations of $181.60 million. As a group, equities research 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 hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $44,000 after buying an additional 8,946 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in KLX Energy Services during the 3rd quarter valued at about $58,000. Virtu Financial LLC acquired a new position in shares of KLX Energy Services in the third quarter worth $77,000. SkyView Investment Advisors LLC boosted its position 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 during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of KLX Energy Services during the 2nd quarter worth about $84,000. 42.69% of the stock is currently 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.