KLX Energy Services (NASDAQ:KLXE) Issues Earnings Results

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

KLX Energy Services Trading Up 4.3%

Shares of KLXE traded up $0.04 during mid-day trading on Friday, reaching $1.00. 394,328 shares of the stock traded hands, compared to its average volume of 321,414. The firm has a fifty day moving average price of $1.35 and a 200 day moving average price of $2.28. The company has a market cap of $21.43 million, a price-to-earnings ratio of -0.32 and a beta of 0.81. KLX Energy Services has a 1 year low of $0.92 and a 1 year high of $4.50.

Wall Street Analysts Forecast Growth

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 equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average 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.