KLX Energy Services (NASDAQ:KLXE) Shares Up 0.2% – What’s Next?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s stock price 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 traded hands during 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 Price Performance

The business has a 50-day simple moving average of $5.34 and a two-hundred day simple moving average of $5.58. The company has a quick ratio of 1.08, a current ratio of 1.24 and a debt-to-equity ratio of 105.76. The stock has a market capitalization of $87.33 million, a price-to-earnings ratio of -1.74 and a beta of 2.12.

KLX Energy Services (NASDAQ:KLXE) last announced its 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 business had revenue of $188.90 million during the quarter, compared to analysts’ expectations of $181.60 million. As a group, research analysts predict that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of KLX Energy Services by 5.2% in the first quarter. Vanguard Group Inc. now owns 717,334 shares of the company’s stock worth $5,552,000 after buying an additional 35,189 shares during the period. American Century Companies Inc. boosted its stake in KLX Energy Services by 12.5% in 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 period. Geode Capital Management LLC grew its position in KLX Energy Services by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 160,342 shares of the company’s stock worth $877,000 after purchasing an additional 7,328 shares in the last quarter. Clifford Capital Partners LLC raised its stake in KLX Energy Services by 13.7% during the 3rd quarter. Clifford Capital Partners LLC now owns 79,985 shares of the company’s stock valued at $438,000 after purchasing an additional 9,638 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of KLX Energy Services in the second quarter valued at $156,000. 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.