Raymond James Financial Services Advisors Inc. Sells 5,587 Shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,800 shares of the company’s stock after selling 5,587 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.37% of KLX Energy Services worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in KLX Energy Services during the 4th quarter valued at $50,000. Tower Research Capital LLC TRC bought a new position in shares of KLX Energy Services in the third quarter worth $28,000. Citigroup Inc. bought a new position in shares of KLX Energy Services in the second quarter worth $37,000. Advisory Services Network LLC increased its holdings in shares of KLX Energy Services by 710.0% in the first quarter. Advisory Services Network LLC now owns 4,050 shares of the company’s stock worth $47,000 after purchasing an additional 3,550 shares during the period. Finally, California State Teachers Retirement System bought a new position in shares of KLX Energy Services in the second quarter worth $41,000. Institutional investors own 42.69% of the company’s stock.

KLX Energy Services Trading Down 4.5 %

KLX Energy Services stock opened at $7.00 on Thursday. The stock has a market cap of $117.11 million, a P/E ratio of 5.60 and a beta of 2.15. KLX Energy Services Holdings, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $13.42. The firm’s fifty day moving average price is $7.97 and its 200-day moving average price is $9.38. The company has a debt-to-equity ratio of 8.26, a quick ratio of 1.56 and a current ratio of 1.77.

KLX Energy Services (NASDAQ:KLXE) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.34). The firm had revenue of $194.20 million during the quarter, compared to the consensus estimate of $193.70 million. KLX Energy Services had a return on equity of 62.68% and a net margin of 2.16%. Equities research analysts forecast that KLX Energy Services Holdings, Inc. will post -0.46 earnings per share for the current fiscal year.

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.