KLX Energy Services (NASDAQ:KLXE) Shares Up 4.4% – Time to Buy?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) rose 4.4% during mid-day trading on Monday . The stock traded as high as $6.60 and last traded at $6.60. Approximately 26,822 shares changed hands during trading, a decline of 84% from the average daily volume of 168,786 shares. The stock had previously closed at $6.32.

Analyst Upgrades and Downgrades

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

KLX Energy Services Trading Up 2.7 %

The business’s fifty day moving average is $5.35 and its two-hundred day moving average is $5.57. 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 firm has a market cap of $109.42 million, a price-to-earnings ratio of -2.19 and a beta of 2.00.

KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings data 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 net margin of 6.45% and a negative return on equity of 244.12%. The business had revenue of $188.90 million for the quarter, compared to analyst estimates of $181.60 million. Equities analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KLX Energy Services

Several institutional investors and hedge funds have recently made changes to their positions in KLXE. PEAK6 Investments LLC raised its holdings in KLX Energy Services by 566.6% during the 3rd 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 period. 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 acquiring 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 worth $156,000. XTX Topco Ltd bought a new stake in KLX Energy Services in the 3rd quarter valued at $146,000. Finally, Barclays PLC boosted its stake in KLX Energy Services by 56,523.3% in the 3rd 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 period. 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.