KLX Energy Services (NASDAQ:KLXE) Posts Earnings Results, Misses Estimates By $0.01 EPS

KLX Energy Services (NASDAQ:KLXE) issued its quarterly earnings data on Wednesday. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.01), Zacks reports. The company had revenue of $166.70 million during the quarter, compared to analyst estimates of $164.10 million.

KLX Energy Services Stock Performance

Shares of NASDAQ KLXE traded up $0.08 during trading on Thursday, hitting $1.82. 308,102 shares of the company traded hands, compared to its average volume of 170,674. The business’s fifty day moving average is $1.87 and its 200 day moving average is $1.93. KLX Energy Services has a fifty-two week low of $1.46 and a fifty-two week high of $7.40. The firm has a market capitalization of $32.45 million, a price-to-earnings ratio of -0.45 and a beta of 0.94.

Institutional Investors Weigh In On KLX Energy Services

An institutional investor recently bought a new position in KLX Energy Services stock. Boothbay Fund Management LLC bought a new position in KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,937 shares of the company’s stock, valued at approximately $30,000. Boothbay Fund Management LLC owned about 0.09% of KLX Energy Services at the end of the most recent reporting period. 42.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of KLX Energy Services in a report on Wednesday, October 8th. Zacks Research downgraded shares of KLX Energy Services from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Finally, Wall Street Zen upgraded shares of KLX Energy Services from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.