KLX Energy Services (NASDAQ:KLXE) Stock Price Down 3.9% – Here’s What Happened

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)’s share price traded down 3.9% on Friday . The company traded as low as $4.65 and last traded at $4.73. 35,105 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 164,994 shares. The stock had previously closed at $4.92.

KLX Energy Services Price Performance

The company has a market cap of $80.25 million, a P/E ratio of -1.64 and a beta of 2.12. 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 fifty day moving average price of $5.32 and a two-hundred day moving average price of $5.57.

KLX Energy Services (NASDAQ:KLXE) last posted its earnings results on Thursday, October 31st. The company reported ($0.40) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.08. The company 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%. On average, sell-side analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KLX Energy Services

A number of institutional investors have recently modified their holdings of KLXE. PEAK6 Investments LLC grew its stake in shares of KLX Energy Services by 566.6% during the third quarter. PEAK6 Investments LLC now owns 29,882 shares of the company’s stock worth $163,000 after buying an additional 36,286 shares during the last quarter. Vanguard Group Inc. increased its holdings in KLX Energy Services by 5.2% in the 1st 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. Cubist Systematic Strategies LLC acquired a new stake in shares of KLX Energy Services during the second quarter valued at about $156,000. XTX Topco Ltd acquired a new stake in shares of KLX Energy Services during the third quarter valued at about $146,000. Finally, Barclays PLC grew its holdings in shares of KLX Energy Services by 56,523.3% during the third quarter. Barclays PLC now owns 24,348 shares of the company’s stock worth $133,000 after purchasing an additional 24,305 shares during the last quarter. Institutional investors and hedge funds 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.