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

KLX Energy Services (NASDAQ:KLXE) issued its earnings results on Thursday. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.09), FiscalAI reports. The firm had revenue of $185.60 million during the quarter, compared to the consensus estimate of $182.50 million.

KLX Energy Services Stock Performance

KLXE traded up $0.04 on Friday, reaching $1.00. The company had a trading volume of 394,328 shares, compared to its average volume of 321,414. KLX Energy Services has a fifty-two week low of $0.92 and a fifty-two week high of $4.50. The stock has a market cap of $21.43 million, a P/E ratio of -0.32 and a beta of 0.81. The company’s fifty day moving average is $1.35 and its 200 day moving average is $2.28.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded 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’s stock. According to MarketBeat, the company presently 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.