KLX Energy Services (NASDAQ:KLXE) Stock Price Down 2.9% – Should You Sell?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s stock price was down 2.9% on Tuesday . The stock traded as low as $6.15 and last traded at $6.30. Approximately 7,336 shares were traded during trading, a decline of 96% from the average daily volume of 168,523 shares. The stock had previously closed at $6.49.

Wall Street Analysts Forecast Growth

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

KLX Energy Services Trading Up 0.2 %

The company has a debt-to-equity ratio of 105.76, a current ratio of 1.24 and a quick ratio of 1.08. The company has a market cap of $101.50 million, a price-to-earnings ratio of -2.03 and a beta of 2.00. The business’s fifty day moving average price is $5.39 and its 200 day moving average price is $5.58.

KLX Energy Services (NASDAQ:KLXE) last announced its earnings results on Thursday, October 31st. The company reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.08. The firm had revenue of $188.90 million for the quarter, compared to the consensus estimate of $181.60 million. KLX Energy Services had a negative return on equity of 244.12% and a negative net margin of 6.45%. Research analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current fiscal year.

Institutional Trading of KLX Energy Services

Several institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of 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 period. Sequoia Financial Advisors LLC acquired a new position in KLX Energy Services in the third quarter valued at $58,000. Virtu Financial LLC bought a new stake in KLX Energy Services during the third quarter valued at $77,000. SkyView Investment Advisors LLC grew its holdings in KLX Energy Services by 20.0% during 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 period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of KLX Energy Services in the 2nd quarter worth about $84,000. 42.69% of the stock is currently owned by 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.