KLX Energy Services (NASDAQ:KLXE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of KLX Energy Services (NASDAQ:KLXE) to a hold rating in a research report sent to investors on Saturday.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of KLX Energy Services in a report on Wednesday, October 8th. Zacks Research raised shares of KLX Energy Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. One equities 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, KLX Energy Services presently has an average rating of “Reduce”.

KLX Energy Services Price Performance

KLX Energy Services stock opened at $1.75 on Friday. The stock’s 50 day moving average price is $1.75 and its 200 day moving average price is $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 $31.22 million, a PE ratio of -0.41 and a beta of 0.42.

KLX Energy Services (NASDAQ:KLXE) last released 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 during the quarter. On average, equities research analysts anticipate that KLX Energy Services will post -2.79 EPS for the current fiscal year.

Institutional Trading of KLX Energy Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gendell Jeffrey L increased its position in KLX Energy Services by 1.2% during the 2nd 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 grew its holdings in shares of KLX Energy Services by 7.6% during the first 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 raised its position in shares of KLX Energy Services by 17.2% in the third quarter. Macroview Investment Management LLC now owns 102,000 shares of the company’s stock valued at $196,000 after buying an additional 15,000 shares during the last quarter. PDT Partners LLC lifted its stake in shares of KLX Energy Services by 54.9% during the first quarter. PDT Partners LLC now owns 43,023 shares of the company’s stock valued at $151,000 after buying an additional 15,243 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of KLX Energy Services by 160.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 36,668 shares of the company’s stock valued at $69,000 after buying an additional 22,600 shares during the period. 42.69% of the stock is currently owned by hedge funds and other institutional investors.

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.