KLX Energy Services (KLXE) Scheduled to Post Quarterly Earnings on Tuesday

KLX Energy Services (NASDAQ:KLXE) is set to post its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect KLX Energy Services to post earnings of $0.38 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

KLX Energy Services (NASDAQ:KLXE) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. KLX Energy Services had a negative return on equity of 4,466.05% and a net margin of 4.91%. The firm had revenue of $234.00 million for the quarter, compared to analyst estimates of $247.00 million. On average, analysts expect KLX Energy Services to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

KLX Energy Services Price Performance

KLXE stock opened at $10.45 on Friday. KLX Energy Services has a 52-week low of $7.70 and a 52-week high of $18.63. The company has a market capitalization of $171.45 million, a PE ratio of 3.09 and a beta of 2.07. The company has a quick ratio of 1.58, a current ratio of 1.77 and a debt-to-equity ratio of 7.72. The stock’s 50 day moving average is $10.85 and its two-hundred day moving average is $10.33.

Insider Activity at KLX Energy Services

In related news, insider Christopher J. Baker sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $10.56, for a total value of $47,520.00. Following the sale, the insider now owns 144,041 shares in the company, valued at $1,521,072.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Max Bouthillette sold 10,475 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $11.71, for a total transaction of $122,662.25. Following the completion of the transaction, the insider now owns 39,766 shares of the company’s stock, valued at $465,659.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher J. Baker sold 4,500 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $10.56, for a total transaction of $47,520.00. Following the transaction, the insider now owns 144,041 shares in the company, valued at $1,521,072.96. The disclosure for this sale can be found here. Insiders sold 40,244 shares of company stock valued at $440,222 in the last three months. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KLXE. BlackRock Inc. grew its stake in KLX Energy Services by 555.0% in the 2nd quarter. BlackRock Inc. now owns 704,221 shares of the company’s stock valued at $6,852,000 after acquiring an additional 596,713 shares during the last quarter. EAM Investors LLC acquired a new position in KLX Energy Services in the fourth quarter worth $4,066,000. Morgan Stanley boosted its holdings in shares of KLX Energy Services by 145.7% during the fourth quarter. Morgan Stanley now owns 393,678 shares of the company’s stock valued at $6,815,000 after acquiring an additional 233,478 shares during the period. Steamboat Capital Partners LLC bought a new stake in shares of KLX Energy Services during the fourth quarter valued at about $3,438,000. Finally, State Street Corp raised its position in KLX Energy Services by 498.1% in the second quarter. State Street Corp now owns 228,562 shares of the company’s stock worth $2,224,000 after acquiring an additional 190,346 shares in the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price target on KLX Energy Services from $13.50 to $14.50 and gave the company a “neutral” rating in a report on Monday, August 14th.

About KLX Energy Services

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; and downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals.