AQR Capital Management LLC Sells 247,509 Shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

AQR Capital Management LLC cut its stake in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) by 83.4% in the 2nd quarter, Holdings Channel reports. The firm owned 49,288 shares of the company’s stock after selling 247,509 shares during the period. AQR Capital Management LLC’s holdings in KLX Energy Services were worth $244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of KLX Energy Services by 1.1% during the fourth quarter. Wellington Management Group LLP now owns 482,900 shares of the company’s stock valued at $5,437,000 after buying an additional 5,300 shares during the period. Clifford Capital Partners LLC grew its holdings in shares of KLX Energy Services by 5.6% during the 1st quarter. Clifford Capital Partners LLC now owns 61,758 shares of the company’s stock worth $478,000 after acquiring an additional 3,295 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of KLX Energy Services in the 1st quarter worth approximately $139,000. Vanguard Group Inc. lifted its stake in shares of KLX Energy Services by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 717,334 shares of the company’s stock valued at $5,552,000 after purchasing an additional 35,189 shares during the period. Finally, Gendell Jeffrey L boosted its position in shares of KLX Energy Services by 6.4% during the first quarter. Gendell Jeffrey L now owns 1,624,096 shares of the company’s stock valued at $12,571,000 after purchasing an additional 97,301 shares in the last quarter. 42.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

KLX Energy Services Stock Performance

Shares of KLXE opened at $4.96 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.66 and a debt-to-equity ratio of 32.22. The stock has a market cap of $83.66 million, a P/E ratio of -6.36 and a beta of 1.97. The business’s 50 day moving average price is $6.11 and its 200-day moving average price is $5.97. KLX Energy Services Holdings, Inc. has a 52 week low of $4.18 and a 52 week high of $12.13.

KLX Energy Services (NASDAQ:KLXE) last released its earnings results on Wednesday, August 7th. The company reported ($0.40) EPS for the quarter, topping the consensus estimate 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 business had revenue of $180.20 million for the quarter, compared to the consensus estimate of $179.80 million. Equities research analysts anticipate that KLX Energy Services Holdings, Inc. will post -2.85 earnings per share for the current fiscal year.

KLX Energy Services 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.