KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Short Interest Up 18.1% in March

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,830,000 shares, an increase of 18.1% from the March 15th total of 1,550,000 shares. Based on an average daily volume of 176,600 shares, the days-to-cover ratio is presently 10.4 days.

KLX Energy Services Price Performance

NASDAQ:KLXE opened at $7.61 on Tuesday. The stock has a market cap of $127.29 million, a P/E ratio of 6.09 and a beta of 2.15. KLX Energy Services has a one year low of $6.91 and a one year high of $13.42. The company has a fifty day moving average price of $8.04 and a 200 day moving average price of $9.43. The company has a debt-to-equity ratio of 8.26, a current ratio of 1.77 and a quick ratio of 1.56.

KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.34). KLX Energy Services had a net margin of 2.16% and a return on equity of 62.68%. The business had revenue of $194.20 million during the quarter, compared to analyst estimates of $193.70 million. Analysts anticipate that KLX Energy Services will post -0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in KLX Energy Services by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 682,145 shares of the company’s stock worth $7,681,000 after acquiring an additional 23,981 shares during the last quarter. Wellington Management Group LLP raised 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. Findell Capital Management LLC bought a new position in shares of KLX Energy Services in the fourth quarter valued at $5,630,000. GSA Capital Partners LLP boosted its position in KLX Energy Services by 92.5% during the fourth quarter. GSA Capital Partners LLP now owns 36,868 shares of the company’s stock worth $415,000 after purchasing an additional 17,716 shares during the period. Finally, Barclays PLC boosted its position in KLX Energy Services by 678.0% during the fourth quarter. Barclays PLC now owns 17,403 shares of the company’s stock worth $196,000 after purchasing an additional 15,166 shares during the period. 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.