KLX Energy Services (NASDAQ:KLXE) Stock Price Down 0.2% – Here’s Why

Shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) were down 0.2% on Thursday . The company traded as low as $5.91 and last traded at $5.97. Approximately 21,558 shares were traded during trading, a decline of 87% from the average daily volume of 169,214 shares. The stock had previously closed at $5.98.

Analyst Upgrades and Downgrades

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

KLX Energy Services Price Performance

The business has a 50 day simple moving average of $5.32 and a 200 day simple moving average of $5.59. The company has a quick ratio of 1.08, a current ratio of 1.24 and a debt-to-equity ratio of 105.76.

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 analysts’ consensus estimates 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 analysts predict that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new position in shares of KLX Energy Services in the third quarter worth about $58,000. Dimensional Fund Advisors LP raised its stake in shares of KLX Energy Services by 90.9% in the second quarter. Dimensional Fund Advisors LP now owns 26,215 shares of the company’s stock worth $130,000 after purchasing an additional 12,485 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of KLX Energy Services by 5.2% in the first quarter. Vanguard Group Inc. now owns 717,334 shares of the company’s stock worth $5,552,000 after purchasing an additional 35,189 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of KLX Energy Services in the second quarter worth about $156,000. Finally, Virtu Financial LLC purchased a new position in shares of KLX Energy Services in the first quarter worth about $122,000. 42.69% of the stock is currently owned by hedge funds and other 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.