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Klx Energy Services Holdings Inc. (KLXE) stock declines during after-market. Let’s see what’s happening?

AZRX Stock

AZRX Stock

Klx Energy Services Holdings Inc. (NASDAQ: KLXE) stock soared by 1.59% at the last close while the KLXE stock price tends to fall by 9.39% in the after-market trading session. There is no recent news hitting the media regarding the up and down in KLXE share price. KLXE is a fast-growing supplier of diverse oilfield services to major onshore oil and natural gas exploration and production firms in both conventional and unconventional fields around the United States operating major basins.

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Recent Past Development

On April 15, 2021, KLXE announced its fourth-quarter 2021 financial results. Given below is the summary:

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Chris Baker, President, and CEO of KLXE, commented:

Despite the overhanging problems caused by COVID-19, they saw broad-based macroeconomic growth in their fiscal fourth quarter, which improved all of their business lines and is directly mirrored in the financial results.

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He also mentioned that they are happy to say that their activities were effectively integrated ahead of time following the QES merger. After completing the closing of their Florida legacy corporate headquarters and the transfer of all main functions to Houston in the third quarter, they focused their efforts in the fourth quarter on removing redundancies and duplicative tasks around their activities.

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