KLX Energy Services (NASDAQ:KLXE) Issues Earnings Results

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

KLX Energy Services Trading Up 4.3%

Shares of KLXE stock traded up $0.04 on Friday, reaching $1.00. The company’s stock had a trading volume of 394,328 shares, compared to its average volume of 321,414. The stock’s fifty day simple moving average is $1.35 and its 200-day simple moving average is $2.28. KLX Energy Services has a 1 year low of $0.92 and a 1 year 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of KLX Energy Services from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 28th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

About KLX Energy Services

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.