KLX Energy Services (NASDAQ:KLXE) issued an update on its third quarter 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.65-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.68. The company issued revenue guidance of $170-170 million, compared to the consensus revenue estimate of $195.75 million.KLX Energy Services also updated its Q3 guidance to ~$0.65 EPS.
Shares of NASDAQ:KLXE opened at $10.91 on Friday. The company has a 50-day simple moving average of $15.37 and a 200-day simple moving average of $22.58. KLX Energy Services has a one year low of $10.78 and a one year high of $36.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.87 and a current ratio of 3.07. The stock has a market capitalization of $270.38 million and a price-to-earnings ratio of 3.88.
KLX Energy Services (NASDAQ:KLXE) last announced its earnings results on Wednesday, August 21st. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). KLX Energy Services had a net margin of 0.68% and a return on equity of 14.25%. The business had revenue of $164.90 million during the quarter, compared to analysts’ expectations of $175.05 million. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, research analysts forecast that KLX Energy Services will post 1.19 EPS for the current fiscal year.
KLXE has been the subject of a number of research reports. Piper Jaffray Companies cut shares of KLX Energy Services from an overweight rating to a neutral rating and reduced their target price for the company from $29.50 to $25.50 in a report on Thursday, May 30th. Zacks Investment Research raised shares of KLX Energy Services from a strong sell rating to a hold rating in a report on Thursday, July 25th. Finally, ValuEngine cut shares of KLX Energy Services from a sell rating to a strong sell rating in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $26.75.
In other news, CEO Amin J. Khoury purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average cost of $11.85 per share, with a total value of $1,185,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gary J. Roberts purchased 15,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average cost of $19.87 per share, with a total value of $298,050.00. The disclosure for this purchase can be found here. Insiders bought 122,000 shares of company stock valued at $1,601,360 over the last ninety days. Corporate insiders own 10.70% of the company’s stock.
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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