KLX Energy Services (KLXE) Set to Announce Quarterly Earnings on Wednesday

KLX Energy Services (NASDAQ:KLXE) will announce its earnings results before the market opens on Wednesday, May 22nd. Analysts expect the company to announce earnings of $0.08 per share for the quarter.

KLX Energy Services (NASDAQ:KLXE) last released its quarterly earnings data on Tuesday, March 12th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.06). The company had revenue of $143.90 million for the quarter, compared to analysts’ expectations of $160.90 million. On average, analysts expect KLX Energy Services to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KLXE opened at $25.69 on Wednesday. KLX Energy Services has a fifty-two week low of $19.59 and a fifty-two week high of $36.13. The stock has a market cap of $599.28 million and a P/E ratio of 9.14. The company has a current ratio of 3.62, a quick ratio of 3.44 and a debt-to-equity ratio of 0.71.

KLXE has been the topic of several analyst reports. Zacks Investment Research lowered shares of KLX Energy Services from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Piper Jaffray Companies set a $30.00 price target on shares of KLX Energy Services and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, Jefferies Financial Group initiated coverage on shares of KLX Energy Services in a research note on Wednesday, April 3rd. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $30.50.

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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. It offers a range of 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.

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