KLX Energy Services (NASDAQ:KLXE) Stock Price Down 1.2% – Here’s What Happened

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s share price dropped 1.2% during trading on Monday . The stock traded as low as $4.75 and last traded at $4.76. Approximately 18,366 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 164,669 shares. The stock had previously closed at $4.82.

KLX Energy Services Stock Down 1.7 %

The company has a debt-to-equity ratio of 105.76, a quick ratio of 1.08 and a current ratio of 1.24. The firm has a market cap of $78.06 million, a price-to-earnings ratio of -1.56 and a beta of 2.12. The business’s 50 day moving average price is $5.26 and its 200 day moving average price is $5.57.

KLX Energy Services (NASDAQ:KLXE) last released its quarterly 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. KLX Energy Services had a negative net margin of 6.45% and a negative return on equity of 244.12%. The company had revenue of $188.90 million for the quarter, compared to analyst estimates of $181.60 million. On average, equities analysts forecast that KLX Energy Services Holdings, Inc. will post -2.83 EPS for the current year.

Hedge Funds Weigh In On KLX Energy Services

Several institutional investors and hedge funds have recently modified their holdings of the business. SkyView Investment Advisors LLC grew its holdings in KLX Energy Services by 20.0% in the third quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company’s stock valued at $82,000 after purchasing an additional 2,500 shares during the period. Geode Capital Management LLC increased 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 worth $877,000 after acquiring an additional 7,328 shares in the last quarter. Clifford Capital Partners LLC raised its position in KLX Energy Services by 13.9% during the second quarter. Clifford Capital Partners LLC now owns 70,347 shares of the company’s stock worth $348,000 after acquiring an additional 8,589 shares during the period. PDT Partners LLC grew its position in shares of KLX Energy Services by 82.4% in the third quarter. PDT Partners LLC now owns 19,699 shares of the company’s stock valued at $108,000 after purchasing an additional 8,901 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake 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 purchasing an additional 8,946 shares in the last quarter. Hedge funds and other institutional investors 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.