KLX Energy Services (NASDAQ:KLXE) Announces Earnings Results

KLX Energy Services (NASDAQ:KLXE) released its quarterly earnings results on Wednesday. The company reported ($0.80) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.06, Zacks reports. KLX Energy Services had a negative net margin of 6.45% and a negative return on equity of 244.12%.

KLX Energy Services Stock Performance

NASDAQ:KLXE traded up $0.14 during mid-day trading on Wednesday, hitting $4.65. 179,694 shares of the company’s stock traded hands, compared to its average volume of 185,001. The firm has a market capitalization of $78.40 million, a price-to-earnings ratio of -1.57 and a beta of 1.98. The firm has a 50 day moving average of $5.10 and a two-hundred day moving average of $5.34. The company has a current ratio of 1.24, a quick ratio of 1.08 and a debt-to-equity ratio of 105.76. KLX Energy Services has a 12 month low of $3.76 and a 12 month high of $8.13.

KLX Energy Services Company Profile

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.