KLX Energy Services (NASDAQ:KLXE) Stock Price Down 1.2% – Time to Sell?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s share price was down 1.2% on Monday . The stock traded as low as $4.75 and last traded at $4.76. Approximately 18,366 shares were traded during 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 quick ratio of 1.08, a current ratio of 1.24 and a debt-to-equity ratio of 105.76. The firm has a market capitalization of $78.06 million, a PE ratio of -1.56 and a beta of 2.12. The business has a 50-day moving average price of $5.26 and a 200-day moving average price of $5.57.

KLX Energy Services (NASDAQ:KLXE) last issued its earnings results on Thursday, October 31st. The company reported ($0.40) earnings per share (EPS) for the quarter, topping 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 business had revenue of $188.90 million during the quarter, compared to the consensus estimate of $181.60 million. Equities research analysts forecast that KLX Energy Services Holdings, Inc. will post -2.83 earnings per share for the current fiscal year.

Institutional Trading of KLX Energy Services

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position 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 worth $44,000 after purchasing an additional 8,946 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of KLX Energy Services during the third quarter valued at about $58,000. Virtu Financial LLC purchased a new stake in shares of KLX Energy Services in the 3rd quarter valued at approximately $77,000. SkyView Investment Advisors LLC lifted its holdings in shares of KLX Energy Services by 20.0% in 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KLX Energy Services in the 2nd quarter worth approximately $84,000. Hedge funds and other 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.