KLX Energy Services (NASDAQ:KLXE) Issues Quarterly Earnings Results

KLX Energy Services (NASDAQ:KLXE) posted its quarterly earnings data on Thursday. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.09), FiscalAI reports. The firm had revenue of $185.60 million for the quarter, compared to the consensus estimate of $182.50 million.

KLX Energy Services Stock Up 4.3%

KLXE traded up $0.04 during midday trading on Friday, hitting $1.00. The company had a trading volume of 394,328 shares, compared to its average volume of 321,414. KLX Energy Services has a 52 week low of $0.92 and a 52 week high of $4.50. The company has a market capitalization of $21.43 million, a price-to-earnings ratio of -0.32 and a beta of 0.81. The stock’s 50 day moving average price is $1.35 and its 200 day moving average price is $2.28.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of KLX Energy Services from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

KLX Energy Services Company Profile

KLX Energy Services Holdings, Inc provides technical oilfield services and equipment to exploration and production companies operating primarily in the United States. The company supports onshore drilling, completion and production activities, helping customers construct, maintain and optimize oil and natural gas wells.

Its service portfolio includes well-intervention and completion services such as coiled tubing, wireline, pressure pumping, stimulation, snubbing, well testing and related technical services.