KLX Energy Services (KLXE) to Release Quarterly Earnings on Wednesday

KLX Energy Services (NASDAQ:KLXE) will be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.72) per share for the quarter.

KLX Energy Services (NASDAQ:KLXE) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.53). KLX Energy Services had a negative net margin of 1.51% and a negative return on equity of 20.39%. The company had revenue of $174.70 million during the quarter, compared to analyst estimates of $181.60 million. On average, analysts expect KLX Energy Services to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

KLX Energy Services Trading Down 6.9 %

NASDAQ:KLXE opened at $6.04 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 18.83. KLX Energy Services has a 1-year low of $4.18 and a 1-year high of $13.42. The firm has a market capitalization of $101.89 million, a price-to-earnings ratio of -7.74 and a beta of 2.04. The stock has a fifty day simple moving average of $5.24 and a 200 day simple moving average of $6.91.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their price objective on KLX Energy Services from $6.50 to $4.50 and set a “neutral” rating for the company in a research report on Monday, July 15th.

About KLX Energy Services

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.