KLX Energy Services (NASDAQ:KLXE) Stock Price Down 3.9% – Should You Sell?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s share price fell 3.9% on Friday . The company traded as low as $4.65 and last traded at $4.73. 35,105 shares changed hands during trading, a decline of 79% from the average session volume of 164,994 shares. The stock had previously closed at $4.92.

KLX Energy Services Stock Down 2.0 %

The company has a market capitalization of $81.27 million, a P/E ratio of -1.63 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. The company has a 50 day moving average of $5.30 and a 200-day moving average of $5.57.

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, beating the consensus estimate of ($0.48) by $0.08. The firm had revenue of $188.90 million for 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 analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.83 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of KLX Energy Services by 89,460.0% during the 2nd 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 in the last quarter. Sequoia Financial Advisors LLC bought a new stake in KLX Energy Services during the 3rd quarter valued at approximately $58,000. Virtu Financial LLC bought a new stake in KLX Energy Services during the 3rd quarter valued at approximately $77,000. SkyView Investment Advisors LLC grew its holdings 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 acquiring an additional 2,500 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of KLX Energy Services in the 2nd quarter worth approximately $84,000. 42.69% of the stock is currently 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.