Wall Street analysts expect KLX Energy Services Holdings Inc (NASDAQ:KLXE) to announce $175.05 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for KLX Energy Services’ earnings, with estimates ranging from $174.60 million to $175.50 million. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 28th.

On average, analysts expect that KLX Energy Services will report full-year sales of $701.23 million for the current fiscal year, with estimates ranging from $675.00 million to $735.20 million. For the next financial year, analysts forecast that the business will report sales of $807.87 million, with estimates ranging from $778.90 million to $854.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for KLX Energy Services.

KLX Energy Services (NASDAQ:KLXE) last posted its earnings results on Wednesday, May 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.17. KLX Energy Services had a return on equity of 14.25% and a net margin of 0.68%. The company had revenue of $145.80 million during the quarter, compared to analysts’ expectations of $157.40 million. The company’s revenue for the quarter was up 1457900.0% on a year-over-year basis.

A number of equities research analysts have recently weighed in on KLXE shares. Jefferies Financial Group started coverage on Middleby in a research note on Wednesday, April 3rd. They issued a “hold” rating and a $135.00 price objective for the company. ValuEngine lowered Verso from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. Piper Jaffray Companies lowered Mallinckrodt from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $39.00 to $9.00 in a report on Thursday, May 30th. Finally, Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Wednesday, June 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.75.

In other news, VP Gary J. Roberts bought 5,000 shares of KLX Energy Services stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average cost of $19.25 per share, with a total value of $96,250.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gary J. Roberts bought 15,000 shares of KLX Energy Services stock in a transaction dated Monday, June 10th. The stock was 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 have acquired a total of 22,000 shares of company stock valued at $439,260 over the last ninety days. 10.70% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd purchased a new stake in shares of KLX Energy Services in the 2nd quarter valued at about $225,000. FMR LLC purchased a new stake in shares of KLX Energy Services in the 1st quarter valued at about $3,042,000. Metropolitan Life Insurance Co NY purchased a new stake in shares of KLX Energy Services in the 1st quarter valued at about $163,000. MetLife Investment Advisors LLC purchased a new stake in shares of KLX Energy Services in the 1st quarter valued at about $231,000. Finally, Advisory Services Network LLC purchased a new stake in shares of KLX Energy Services in the 1st quarter valued at about $25,000. 85.87% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ KLXE traded up $0.05 during trading on Monday, reaching $18.79. The stock had a trading volume of 95,217 shares, compared to its average volume of 123,130. KLX Energy Services has a fifty-two week low of $18.31 and a fifty-two week high of $36.13. The company has a current ratio of 3.07, a quick ratio of 2.87 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $20.19.

KLX Energy Services Company Profile

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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