KLX Energy Services (NASDAQ:KLXE) Raised to Hold at Wall Street Zen

KLX Energy Services (NASDAQ:KLXE) was upgraded by Wall Street Zen to a “hold” rating in a report issued on Saturday.

Several other research analysts have also recently issued reports on the stock. Zacks Research raised shares of KLX Energy Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of KLX Energy Services in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

KLX Energy Services Price Performance

Shares of NASDAQ KLXE opened at $1.94 on Friday. The stock has a fifty day moving average price of $1.75 and a 200 day moving average price of $1.87. KLX Energy Services has a 1-year low of $1.46 and a 1-year high of $7.40. The company has a market cap of $34.61 million, a PE ratio of -0.45 and a beta of 0.42.

KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings data on Tuesday, August 26th. The company reported ($0.88) earnings per share (EPS) for the quarter. The business had revenue of $159.00 million for the quarter. Analysts anticipate that KLX Energy Services will post -2.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KLX Energy Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gendell Jeffrey L boosted its position in KLX Energy Services by 1.2% during the second quarter. Gendell Jeffrey L now owns 1,693,219 shares of the company’s stock worth $3,166,000 after purchasing an additional 20,000 shares in the last quarter. Trexquant Investment LP boosted its position in shares of KLX Energy Services by 7.6% in the 1st quarter. Trexquant Investment LP now owns 118,519 shares of the company’s stock worth $415,000 after buying an additional 8,359 shares in the last quarter. Macroview Investment Management LLC grew its stake in KLX Energy Services by 17.2% in the 3rd quarter. Macroview Investment Management LLC now owns 102,000 shares of the company’s stock valued at $196,000 after acquiring an additional 15,000 shares during the last quarter. PDT Partners LLC grew its stake in KLX Energy Services by 54.9% in the 1st quarter. PDT Partners LLC now owns 43,023 shares of the company’s stock valued at $151,000 after acquiring an additional 15,243 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in KLX Energy Services by 160.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 36,668 shares of the company’s stock valued at $69,000 after acquiring an additional 22,600 shares in the last quarter. 42.69% of the stock is 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.