KLXE Stock Summary and Trading Ideas (KLX Energy Services Hldgs | NASDAQ:KLXE)

KLX Energy Services Holdings Inc is a provider of completion, intervention and production services and products to the onshore oil and gas producing regions of the United States. It serves the companies engaged in the exploration and development of onshore conventional and unconventional oil and natural gas reserves. Its products and services offerings include surface facilities and equipment, pressure control services, wireline services, fishing services, and engineered products. The company's segments include Southwest; Rocky Mountains and Northeast/Mid-Con region. It derives maximum revenue from Northeast/Mid-Con region.

KLX Energy Services Hldgs trades on the NASDAQ stock market under the symbol KLXE.

As of April 19, 2024, KLXE stock price climbed to $7.21 with 172,857 million shares trading.

KLXE has a beta of 0.52, meaning it tends to be less sensitive to market movements. KLXE has a correlation of 0.01 to the broad based SPY ETF.

KLXE has a market cap of $120.57 million. This is considered a Micro Cap stock.

Last quarter KLX Energy Services Hldgs reported $194 million in Revenue and -$.54 earnings per share. This fell short of revenue expectation by $-19 million and missed earnings estimates by -$.55.

In the last 3 years, KLXE stock traded as high as $18.63 and as low as $2.94.

The top ETF exchange traded funds that KLXE belongs to (by Net Assets): VTI, IWM, VXF, AVUV, IWN.

KLXE has underperformed the market in the last year with a return of -32.6%, while the SPY ETF gained +21.2%. In the last 3 month period, KLXE fell short of the market, returning -27.0%, while SPY returned +4.3%. However, in the most recent 2 weeks KLXE has outperformed the stock market by returning -3.5%, while SPY returned -3.5%.

KLXE support price is $6.71 and resistance is $7.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KLXE stock will trade within this expected range on the day.