KLX Energy Services Holdings, Inc. (NASDAQ:KLXE – Free Report) – Equities research analysts at Sidoti Csr boosted their FY2024 earnings per share (EPS) estimates for shares of KLX Energy Services in a research report issued on Monday, November 4th. Sidoti Csr analyst S. Ferazani now forecasts that the company will post earnings per share of ($2.83) for the year, up from their prior estimate of ($2.95). The consensus estimate for KLX Energy Services’ current full-year earnings is ($2.85) per share. Sidoti Csr also issued estimates for KLX Energy Services’ Q4 2024 earnings at ($0.80) EPS, Q1 2025 earnings at ($0.67) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at ($0.58) EPS, FY2025 earnings at ($1.45) EPS, Q1 2026 earnings at ($0.39) EPS and FY2026 earnings at ($0.71) EPS.
Several other analysts have also issued reports on the company. Piper Sandler dropped their target price on KLX Energy Services from $6.50 to $4.50 and set a “neutral” rating on the stock in a report on Monday, July 15th. Singular Research upgraded KLX Energy Services to a “strong-buy” rating in a research note on Monday, August 12th.
KLX Energy Services Stock Up 20.2 %
KLX Energy Services stock opened at $5.29 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.08 and a debt-to-equity ratio of 105.76. KLX Energy Services has a 1-year low of $4.18 and a 1-year high of $12.13. The company has a fifty day simple moving average of $5.44 and a 200 day simple moving average of $5.66. The company has a market cap of $89.19 million, a P/E ratio of -1.79 and a beta of 2.00.
KLX Energy Services (NASDAQ:KLXE – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.32. KLX Energy Services had a negative net margin of 6.45% and a negative return on equity of 244.12%. The company had revenue of $180.20 million for the quarter, compared to the consensus estimate of $179.80 million.
Institutional Investors Weigh In On KLX Energy Services
Several hedge funds have recently bought and sold shares of KLXE. Allspring Global Investments Holdings LLC raised its stake in KLX Energy Services by 89,460.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 8,956 shares of the company’s stock valued at $44,000 after buying an additional 8,946 shares during the period. Sequoia Financial Advisors LLC bought a new stake in KLX Energy Services in the 3rd quarter valued at $58,000. Paloma Partners Management Co acquired a new stake in KLX Energy Services during the 1st quarter valued at $91,000. Virtu Financial LLC bought a new position in KLX Energy Services during the first quarter worth $122,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of KLX Energy Services in the second quarter valued at $84,000. 42.69% of the stock is currently owned by institutional investors and hedge funds.
KLX Energy Services Company Profile
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; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules.
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