Sidoti Forecasts Higher Earnings for KLX Energy Services

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) – Sidoti raised their Q2 2027 earnings estimates for shares of KLX Energy Services in a research report issued to clients and investors on Thursday, July 23rd. Sidoti analyst S. Ferazani now expects that the company will post earnings of ($0.39) per share for the quarter, up from their previous forecast 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 the consensus estimate of ($1.27) by $0.09. The firm had revenue of $144.70 million during the quarter, compared to analysts’ expectations of $146.50 million.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of KLX Energy Services in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, KLX Energy Services currently has an average rating of “Reduce”.

KLX Energy Services Stock Performance

KLXE stock opened at $2.18 on Monday. The firm has a market cap of $43.40 million, a PE ratio of -0.58 and a beta of 0.79. The firm’s 50 day moving average price is $2.66 and its 200-day moving average price is $2.69. KLX Energy Services has a one year low of $1.49 and a one year high of $4.50.

Hedge Funds Weigh In On KLX Energy Services

Several institutional investors have recently bought and sold shares of the company. Boothbay Fund Management LLC purchased a new stake in KLX Energy Services during the second quarter worth about $30,000. Gamco Investors INC. ET AL boosted its stake in shares of KLX Energy Services by 52.2% in the third quarter. Gamco Investors INC. ET AL now owns 35,000 shares of the company’s stock valued at $67,000 after purchasing an additional 12,000 shares during the period. Virtu Financial LLC acquired a new position in shares of KLX Energy Services in the third quarter valued at approximately $36,000. Raymond James Financial Inc. grew its holdings in shares of KLX Energy Services by 532.0% in the third quarter. Raymond James Financial Inc. now owns 22,115 shares of the company’s stock valued at $42,000 after purchasing an additional 18,616 shares in the last quarter. Finally, Williams & Novak LLC purchased a new stake in KLX Energy Services during the 4th quarter worth approximately $44,000. 42.69% of the stock is owned by institutional investors and hedge funds.

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.