KLX Energy Services (NASDAQ:KLXE) Trading Up 0.2% – Should You Buy?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) shot up 0.2% during trading on Wednesday . The stock traded as high as $5.34 and last traded at $5.15. 23,646 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 165,581 shares. The stock had previously closed at $5.14.

KLX Energy Services Stock Up 0.8 %

The stock has a market cap of $87.33 million, a price-to-earnings ratio of -1.74 and a beta of 2.12. The business has a fifty day moving average of $5.34 and a 200 day moving average of $5.58. The company has a debt-to-equity ratio of 105.76, a current ratio of 1.24 and a quick ratio of 1.08.

KLX Energy Services (NASDAQ:KLXE) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.40) earnings per share 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 business had revenue of $188.90 million for the quarter, compared to the consensus estimate of $181.60 million. On average, equities analysts predict that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current year.

Institutional Trading of KLX Energy Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its position in KLX Energy Services by 89,460.0% in 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 KLX Energy Services during the third quarter worth $58,000. Virtu Financial LLC acquired a new position in shares of KLX Energy Services in the 3rd quarter worth approximately $77,000. SkyView Investment Advisors LLC lifted its holdings in shares of KLX Energy Services by 20.0% during the third quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company’s stock valued at $82,000 after acquiring an additional 2,500 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in KLX Energy Services in the second quarter valued at about $84,000. Institutional investors and hedge funds 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.