KLX Energy Services (NASDAQ:KLXE) Shares Down 1.2% – What’s Next?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) was down 1.2% on Tuesday . The company traded as low as $4.90 and last traded at $4.96. Approximately 17,388 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 165,880 shares. The stock had previously closed at $5.02.

Analysts Set New Price Targets

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

KLX Energy Services Price Performance

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 business’s 50-day simple moving average is $5.35 and its two-hundred day simple moving average is $5.58. The firm has a market cap of $86.15 million, a price-to-earnings ratio of -1.68 and a beta of 2.12.

KLX Energy Services (NASDAQ:KLXE) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.40) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.08. The company had revenue of $188.90 million during the quarter, compared to analysts’ expectations of $181.60 million. KLX Energy Services had a negative net margin of 6.45% and a negative return on equity of 244.12%. As a group, research analysts expect that KLX Energy Services Holdings, Inc. will post -2.79 EPS for the current fiscal year.

Institutional Investors Weigh In On KLX Energy Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. PEAK6 Investments LLC increased its holdings in KLX Energy Services by 566.6% in the third quarter. PEAK6 Investments LLC now owns 29,882 shares of the company’s stock worth $163,000 after purchasing an additional 36,286 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of KLX Energy Services by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 717,334 shares of the company’s stock valued at $5,552,000 after acquiring an additional 35,189 shares during the period. Cubist Systematic Strategies LLC bought a new position in KLX Energy Services during the second quarter worth $156,000. XTX Topco Ltd acquired a new stake in KLX Energy Services in the third quarter worth $146,000. Finally, Barclays PLC increased its stake in KLX Energy Services by 56,523.3% in the third quarter. Barclays PLC now owns 24,348 shares of the company’s stock valued at $133,000 after purchasing an additional 24,305 shares in the last quarter. Institutional investors own 42.69% of the company’s stock.

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.