Point72 Asia Singapore Pte. Ltd. Invests $84,000 in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

Point72 Asia Singapore Pte. Ltd. bought a new stake in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,999 shares of the company’s stock, valued at approximately $84,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.10% of KLX Energy Services at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Clifford Capital Partners LLC raised its stake in KLX Energy Services by 5.6% in the first quarter. Clifford Capital Partners LLC now owns 61,758 shares of the company’s stock valued at $478,000 after buying an additional 3,295 shares during the period. Wellington Management Group LLP increased its holdings in shares of KLX Energy Services by 1.1% in the fourth quarter. Wellington Management Group LLP now owns 482,900 shares of the company’s stock valued at $5,437,000 after purchasing an additional 5,300 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of 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 valued at $44,000 after purchasing an additional 8,946 shares during the period. Paloma Partners Management Co acquired a new stake in shares of KLX Energy Services during the 1st quarter worth about $91,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of KLX Energy Services by 90.9% during the second quarter. Dimensional Fund Advisors LP now owns 26,215 shares of the company’s stock worth $130,000 after acquiring an additional 12,485 shares during the period. 42.69% of the stock is currently owned by institutional investors and hedge funds.

KLX Energy Services Price Performance

KLX Energy Services stock opened at $5.36 on Monday. The stock’s fifty day moving average price is $6.33 and its two-hundred day moving average price is $6.14. The firm has a market cap of $90.41 million, a PE ratio of -6.87 and a beta of 1.98. The company has a debt-to-equity ratio of 32.22, a current ratio of 1.66 and a quick ratio of 1.44. KLX Energy Services Holdings, Inc. has a one year low of $4.18 and a one year high of $12.43.

KLX Energy Services (NASDAQ:KLXE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.40) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.32. The business had revenue of $180.20 million during the quarter, compared to the consensus estimate of $179.80 million. KLX Energy Services had a negative return on equity of 94.97% and a negative net margin of 4.13%. As a group, research analysts expect that KLX Energy Services Holdings, Inc. will post -2.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KLXE. Piper Sandler reduced their price target on KLX Energy Services from $6.50 to $4.50 and set a “neutral” rating for the company in a research note on Monday, July 15th. Singular Research raised shares of KLX Energy Services to a “strong-buy” rating in a report on Monday, August 12th.

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.