Cubist Systematic Strategies LLC Buys New Shares in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

Cubist Systematic Strategies LLC bought a new position in shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,513 shares of the company’s stock, valued at approximately $156,000. Cubist Systematic Strategies LLC owned approximately 0.19% of KLX Energy Services as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of KLXE. Allspring Global Investments Holdings LLC lifted its holdings 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 in the last quarter. Paloma Partners Management Co bought a new position in KLX Energy Services during the 1st quarter valued at $91,000. Virtu Financial LLC purchased a new position in KLX Energy Services during the 1st quarter worth $122,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KLX Energy Services in the second quarter valued at about $84,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of KLX Energy Services during the first quarter valued at about $139,000. 42.69% of the stock is currently owned by institutional investors and hedge funds.

KLX Energy Services Price Performance

Shares of NASDAQ:KLXE opened at $5.20 on Wednesday. KLX Energy Services Holdings, Inc. has a fifty-two week low of $4.18 and a fifty-two week high of $12.13. The company’s 50-day moving average is $6.14 and its 200 day moving average is $5.98. 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 company has a market capitalization of $87.71 million, a P/E ratio of -6.67 and a beta of 1.97.

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

Analyst Ratings Changes

Several research firms have commented on KLXE. Piper Sandler decreased their price objective on shares of 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 KLX Energy Services to a “strong-buy” rating in a research report on Monday, August 12th.

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.