KLX Energy Services (NASDAQ:KLXE) Updates Q3 Earnings Guidance

KLX Energy Services (NASDAQ:KLXE) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of ~$0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.87. The company issued revenue guidance of ~$170 million, compared to the consensus revenue estimate of $195.75 million.KLX Energy Services also updated its Q3 2019 guidance to $0.65-0.65 EPS.

Shares of KLXE opened at $10.45 on Friday. The firm has a market cap of $276.40 million and a PE ratio of 6.67. The company has a current ratio of 3.28, a quick ratio of 2.87 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $15.19 and a two-hundred day simple moving average of $22.50. KLX Energy Services has a 1-year low of $10.11 and a 1-year high of $36.13.

KLX Energy Services (NASDAQ:KLXE) last announced its earnings results on Wednesday, August 21st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). The company had revenue of $164.90 million for the quarter, compared to analysts’ expectations of $175.05 million. KLX Energy Services had a negative net margin of 1.13% and a positive return on equity of 10.08%. The company’s revenue was up 13.1% on a year-over-year basis. 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 lowered shares of KLX Energy Services from an overweight rating to a neutral rating and decreased their target price for the company from $29.50 to $25.50 in a research note on Thursday, May 30th. Zacks Investment Research upgraded shares of KLX Energy Services from a strong sell rating to a hold rating in a research note on Thursday, July 25th. Finally, ValuEngine lowered shares of KLX Energy Services from a sell rating to a strong sell rating in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $26.75.

In related news, CEO Amin J. Khoury acquired 100,000 shares of KLX Energy Services stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average cost of $11.85 per share, for a total transaction of $1,185,000.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, VP Gary J. Roberts acquired 15,000 shares of KLX Energy Services stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $19.87 per share, with a total value of $298,050.00. The disclosure for this purchase can be found here. Insiders bought a total of 155,821 shares of company stock valued at $1,985,567 over the last 90 days. 10.70% of the stock is currently owned by company insiders.

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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Earnings History and Estimates for KLX Energy Services (NASDAQ:KLXE)

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