Q2 EPS Estimate for KLX Energy Services Lifted by Analyst

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) – Stock analysts at Sidoti increased their Q2 2027 EPS estimates for KLX Energy Services in a research report issued on Thursday, July 23rd. Sidoti analyst S. Ferazani now anticipates that the company will post earnings of ($0.39) per share for the quarter, up from their prior estimate of ($0.40). The consensus estimate for KLX Energy Services’ current full-year earnings is ($3.15) per share.

KLX Energy Services (NASDAQ:KLXE) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($1.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.27) by $0.09. The business had revenue of $144.70 million during the quarter, compared to analyst estimates of $146.50 million.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of KLX Energy Services in a research report on Monday, May 4th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

KLX Energy Services Stock Performance

NASDAQ:KLXE opened at $2.03 on Monday. KLX Energy Services has a 1 year low of $1.49 and a 1 year high of $4.50. The stock has a market cap of $40.42 million, a P/E ratio of -0.54 and a beta of 0.79. The stock has a 50-day simple moving average of $2.60 and a 200-day simple moving average of $2.68.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KLXE. Adage Capital Partners GP L.L.C. purchased a new stake in KLX Energy Services in the fourth quarter valued at approximately $189,000. Tulsa Wealth Advisors INC purchased a new position in shares of KLX Energy Services during the fourth quarter worth approximately $117,000. Gendell Jeffrey L grew its position in shares of KLX Energy Services by 2.3% during the fourth quarter. Gendell Jeffrey L now owns 1,753,108 shares of the company’s stock worth $3,313,000 after acquiring an additional 40,000 shares during the last quarter. Williams & Novak LLC acquired a new position in shares of KLX Energy Services in the 4th quarter valued at $44,000. Finally, Raymond James Financial Inc. increased its holdings in shares of KLX Energy Services by 532.0% in the 3rd quarter. Raymond James Financial Inc. now owns 22,115 shares of the company’s stock valued at $42,000 after acquiring an additional 18,616 shares during the period. 42.69% of the stock is owned by hedge funds and other institutional investors.

KLX Energy Services Company Profile

KLX Energy Services is a provider of completion tools and pumping equipment for the upstream oil and gas sector, offering high-pressure pumping systems, pressure control equipment, solids control services and downhole rental tools. The company supports well completion and stimulation operations by supplying, installing and maintaining critical equipment used in hydraulic fracturing, coiled tubing interventions and associated wellsite activities.

The firm’s product portfolio includes deck-mounted and portable fracturing pumps, high-pressure manifolds, flowback and well testing units, filtration and separation systems, and wellsite automation solutions.