KLX Energy Services (NASDAQ:KLXE) Trading Down 0.2% – Time to Sell?

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

Analysts Set New Price Targets

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

KLX Energy Services Trading Up 2.8 %

The company has a debt-to-equity ratio of 105.76, a quick ratio of 1.08 and a current ratio of 1.24. The company has a 50 day moving average of $5.31 and a two-hundred day moving average of $5.58. The stock has a market cap of $103.69 million, a PE ratio of -2.02 and a beta of 2.00.

KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.40) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $188.90 million during the quarter, compared to analyst estimates of $181.60 million. Sell-side analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KLX Energy Services

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of KLX Energy Services by 89,460.0% during the second 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 purchased a new position in shares of KLX Energy Services during the third quarter worth about $58,000. Virtu Financial LLC acquired a new stake in KLX Energy Services in the third quarter valued at about $77,000. SkyView Investment Advisors LLC lifted its position in KLX Energy Services by 20.0% in the third quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company’s stock valued at $82,000 after purchasing an additional 2,500 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in KLX Energy Services in the second quarter valued at about $84,000. Hedge funds and other 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.