Renaissance Technologies LLC Has $277,000 Position in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

Renaissance Technologies LLC lowered its stake in shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,000 shares of the company’s stock after selling 2,000 shares during the quarter. Renaissance Technologies LLC owned about 0.33% of KLX Energy Services worth $277,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 12,485 shares during the last quarter. American Century Companies Inc. lifted its stake in KLX Energy Services by 12.5% during the second quarter. American Century Companies Inc. now owns 177,965 shares of the company’s stock worth $881,000 after purchasing an additional 19,744 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in KLX Energy Services by 89,460.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 8,956 shares of the company’s stock worth $44,000 after purchasing an additional 8,946 shares during the last quarter. Virtu Financial LLC bought a new stake in KLX Energy Services during the first quarter worth $122,000. Finally, Paloma Partners Management Co bought a new stake in KLX Energy Services during the first quarter worth $91,000. Institutional investors and hedge funds own 42.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Piper Sandler cut their target price 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 upgraded KLX Energy Services to a “strong-buy” rating in a research note on Monday, August 12th.

KLX Energy Services Stock Up 0.9 %

Shares of KLXE opened at $5.59 on Friday. KLX Energy Services Holdings, Inc. has a 52 week low of $4.18 and a 52 week high of $12.13. The stock has a market capitalization of $94.25 million, a price-to-earnings ratio of -2.82 and a beta of 1.97. The company has a debt-to-equity ratio of 32.22, a quick ratio of 1.44 and a current ratio of 1.66. The stock has a fifty day moving average of $6.15 and a 200-day moving average of $6.02.

KLX Energy Services (NASDAQ:KLXE) last announced 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. KLX Energy Services had a negative return on equity of 94.97% and a negative net margin of 4.13%. The company had revenue of $180.20 million during the quarter, compared to analysts’ expectations of $179.80 million. As a group, sell-side analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.85 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.