KLX Energy Services (NASDAQ:KLXE) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of KLX Energy Services (NASDAQ:KLXE) from a strong sell rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

Several other research analysts have also commented on KLXE. Weiss Ratings reiterated a “sell (e+)” rating on shares of KLX Energy Services in a research note on Wednesday, October 8th. Wall Street Zen raised shares of KLX Energy Services from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, KLX Energy Services presently has an average rating of “Reduce”.

KLX Energy Services Price Performance

Shares of KLXE stock opened at $1.60 on Tuesday. The stock’s 50-day moving average is $1.81 and its 200 day moving average is $1.90. 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 $28.54 million, a P/E ratio of -0.37 and a beta of 0.94.

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

Institutional Trading of KLX Energy Services

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in shares of KLX Energy Services in the first quarter worth $55,000. Mesirow Financial Investment Management Inc. grew its holdings in shares of KLX Energy Services by 120.0% during the first quarter. Mesirow Financial Investment Management Inc. now owns 22,000 shares of the company’s stock valued at $77,000 after buying an additional 12,000 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of KLX Energy Services by 45.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,067 shares of the company’s stock valued at $63,000 after acquiring an additional 5,658 shares during the period. Trexquant Investment LP increased 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 valued at $415,000 after acquiring an additional 8,359 shares during the period. Finally, PDT Partners LLC raised 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 worth $151,000 after acquiring an additional 15,243 shares during the last quarter. Hedge funds and other institutional investors own 42.69% of the company’s stock.

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.