KLX Energy Services (NASDAQ:KLXE) Raised to Strong-Buy at Singular Research

Singular Research upgraded shares of KLX Energy Services (NASDAQ:KLXE) to a strong-buy rating in a research note issued to investors on Monday, Zacks.com reports.

Separately, Piper Sandler decreased their price target on KLX Energy Services from $6.50 to $4.50 and set a neutral rating for the company in a research note on Monday, July 15th.

KLX Energy Services Trading Up 4.7 %

Shares of NASDAQ:KLXE opened at $6.69 on Monday. KLX Energy Services has a twelve month low of $4.18 and a twelve month high of $12.56. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 18.83. The firm has a market cap of $112.84 million, a P/E ratio of -8.58 and a beta of 2.04. The company has a 50 day moving average of $5.41 and a 200-day moving average of $6.67.

Hedge Funds Weigh In On KLX Energy Services

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its stake in KLX Energy Services by 379.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the company’s stock valued at $43,000 after purchasing an additional 3,001 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of KLX Energy Services by 89,460.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 8,956 shares of the company’s stock valued at $44,000 after buying an additional 8,946 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of KLX Energy Services during the 1st quarter valued at $91,000. Virtu Financial LLC acquired a new stake in shares of KLX Energy Services during the 1st quarter valued at $122,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of KLX Energy Services by 90.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 26,215 shares of the company’s stock worth $130,000 after acquiring an additional 12,485 shares in the last quarter. 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.