KLX Energy Services (NASDAQ:KLXE) Posts Earnings Results, Misses Expectations By $0.09 EPS

KLX Energy Services (NASDAQ:KLXE) released 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 analysts’ expectations of $182.50 million.

KLX Energy Services Price Performance

Shares of KLXE stock traded up $0.04 during trading hours on Friday, reaching $1.00. 394,328 shares of the company traded hands, compared to its average volume of 321,414. The firm has a 50-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 P/E ratio of -0.32 and a beta of 0.81. KLX Energy Services has a 12-month low of $0.92 and a 12-month high of $4.50.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded KLX Energy Services from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently 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.