KLX Energy Services (NASDAQ:KLXE) Trading Down 1.2% – Here’s Why

Shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) traded down 1.2% on Monday . The stock traded as low as $4.75 and last traded at $4.76. 18,366 shares were traded during mid-day trading, a decline of 89% from the average session volume of 164,669 shares. The stock had previously closed at $4.82.

KLX Energy Services Price Performance

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 firm has a 50-day simple moving average of $5.30 and a 200 day simple moving average of $5.58. The firm has a market cap of $75.36 million, a PE ratio of -1.51 and a beta of 2.12.

KLX Energy Services (NASDAQ:KLXE) last issued 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 the consensus estimate of $181.60 million. As a group, equities analysts expect that KLX Energy Services Holdings, Inc. will post -2.83 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new stake in KLX Energy Services during the 3rd quarter valued at $58,000. Dimensional Fund Advisors LP grew its holdings in shares of KLX Energy Services by 90.9% in the second quarter. Dimensional Fund Advisors LP now owns 26,215 shares of the company’s stock worth $130,000 after acquiring an additional 12,485 shares during the period. Vanguard Group Inc. increased its position in KLX Energy Services by 5.2% during the first quarter. Vanguard Group Inc. now owns 717,334 shares of the company’s stock valued at $5,552,000 after acquiring an additional 35,189 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in KLX Energy Services in the second quarter valued at about $156,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in KLX Energy Services in the second quarter worth about $84,000. 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.