KLX Energy Services (KLXE) Announces Earnings Results, Misses Estimates By $0.06 EPS

KLX Energy Services (NASDAQ:KLXE) released its quarterly earnings data on Tuesday. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.06), MarketWatch Earnings reports. The company had revenue of $143.90 million for the quarter, compared to analyst estimates of $160.90 million.

KLX Energy Services stock opened at $25.90 on Thursday. The company has a market capitalization of $577.39 million and a P/E ratio of 9.22. The company has a quick ratio of 5.98, a current ratio of 3.62 and a debt-to-equity ratio of 0.74. KLX Energy Services has a 1-year low of $19.59 and a 1-year high of $36.13.

In other news, VP Gary J. Roberts purchased 21,421 shares of KLX Energy Services stock in a transaction dated Monday, December 24th. The stock was purchased at an average cost of $21.92 per share, for a total transaction of $469,548.32. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of KLX Energy Services from a “strong sell” rating to a “sell” rating in a research note on Friday, January 11th. Zacks Investment Research upgraded shares of KLX Energy Services from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, February 5th. Finally, Piper Jaffray Companies assumed coverage on shares of KLX Energy Services in a research note on Wednesday, December 19th. They issued an “overweight” rating for the company.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://dakotafinancialnews.com/2019/03/14/klx-energy-services-klxe-announces-earnings-results-misses-estimates-by-0-06-eps.html.

About KLX Energy Services

KLX Energy Services Holdings, Inc provides completion, intervention, and production services and products to the onshore oil and gas producing regions of the United States. The company offers technical services, and related tools and equipment to companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves.

Featured Article: Short Selling – Explanation For Shorting Stocks

Receive News & Ratings for KLX Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLX Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.