KLX Energy Services (NASDAQ:KLXE) Shares Down 3.5% – Time to Sell?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s share price traded down 3.5% during mid-day trading on Thursday . The company traded as low as $4.96 and last traded at $4.97. 7,222 shares were traded during mid-day trading, a decline of 96% from the average session volume of 165,317 shares. The stock had previously closed at $5.15.

KLX Energy Services Stock Performance

The company has a current ratio of 1.24, a quick ratio of 1.08 and a debt-to-equity ratio of 105.76. The company has a market cap of $81.27 million, a PE ratio of -1.63 and a beta of 2.12. The firm’s fifty day moving average is $5.30 and its 200 day moving average is $5.57.

KLX Energy Services (NASDAQ:KLXE) last released its earnings results on Thursday, October 31st. The company reported ($0.40) EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.08. The business had revenue of $188.90 million during the quarter, compared to analysts’ expectations of $181.60 million. KLX Energy Services had a negative net margin of 6.45% and a negative return on equity of 244.12%. As a group, research analysts predict that KLX Energy Services Holdings, Inc. will post -2.83 EPS for the current fiscal year.

Hedge Funds Weigh In On KLX Energy Services

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of KLX Energy Services by 5.2% during the first quarter. Vanguard Group Inc. now owns 717,334 shares of the company’s stock worth $5,552,000 after purchasing an additional 35,189 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in 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. American Century Companies Inc. boosted its stake in KLX Energy Services by 12.5% during the 2nd quarter. American Century Companies Inc. now owns 177,965 shares of the company’s stock worth $881,000 after purchasing an additional 19,744 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of KLX Energy Services by 90.9% during the second quarter. Dimensional Fund Advisors LP now owns 26,215 shares of the company’s stock worth $130,000 after buying an additional 12,485 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of KLX Energy Services in the second quarter valued at about $156,000. 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.