KLX Energy Services (NASDAQ:KLXE) Stock Price Down 3.9% – Should You Sell?

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

KLX Energy Services Stock Down 3.3 %

The firm has a market cap of $80.25 million, a price-to-earnings 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 business’s 50-day moving average is $5.32 and its 200-day moving average is $5.57.

KLX Energy Services (NASDAQ:KLXE) last announced its earnings results on Thursday, October 31st. The company reported ($0.40) EPS for the quarter, topping 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 company had revenue of $188.90 million for the quarter, compared to analysts’ expectations of $181.60 million. On average, equities analysts predict that KLX Energy Services Holdings, Inc. will post -2.83 EPS for the current year.

Hedge Funds Weigh In On KLX Energy Services

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its position in KLX Energy Services by 89,460.0% in the second 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 period. Sequoia Financial Advisors LLC acquired a new stake in shares of KLX Energy Services during the 3rd quarter worth approximately $58,000. Virtu Financial LLC acquired a new stake in shares of KLX Energy Services during the 3rd quarter worth approximately $77,000. SkyView Investment Advisors LLC raised its stake in shares of KLX Energy Services by 20.0% during the third quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company’s stock worth $82,000 after buying an additional 2,500 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in KLX Energy Services in the second quarter valued at approximately $84,000. 42.69% of the stock is currently owned by institutional investors and hedge funds.

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.