Sidoti Csr Has Bullish Estimate for KLXE FY2024 Earnings

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) – Research analysts at Sidoti Csr raised their FY2024 earnings per share estimates for shares of KLX Energy Services in a research note issued to investors on Monday, November 4th. Sidoti Csr analyst S. Ferazani now anticipates that the company will post earnings per share of ($2.83) for the year, up from their previous 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.

KLX Energy Services (NASDAQ:KLXE) last posted its earnings results on Wednesday, August 7th. The company reported ($0.40) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.32. KLX Energy Services had a negative return on equity of 244.12% and a negative net margin of 6.45%. The company had revenue of $180.20 million during the quarter, compared to the consensus estimate of $179.80 million.

Several other brokerages have also recently commented on KLXE. Singular Research raised shares of KLX Energy Services to a “strong-buy” rating in a report on Monday, August 12th. Piper Sandler cut their target price on KLX Energy Services from $6.50 to $4.50 and set a “neutral” rating for the company in a research report on Monday, July 15th.

KLX Energy Services Trading Up 20.2 %

KLXE stock opened at $5.29 on Wednesday. KLX Energy Services has a 52 week low of $4.18 and a 52 week high of $12.13. The company has a debt-to-equity ratio of 105.76, a quick ratio of 1.08 and a current ratio of 1.24. The company’s 50-day simple moving average is $5.44 and its 200 day simple moving average is $5.66. The company has a market capitalization of $89.19 million, a PE ratio of -1.79 and a beta of 2.00.

Hedge Funds Weigh In On KLX Energy Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased 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 acquiring an additional 8,946 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in KLX Energy Services in the third quarter valued at about $58,000. Point72 Asia Singapore Pte. Ltd. bought a new position in KLX Energy Services in the second quarter valued at about $84,000. Paloma Partners Management Co acquired a new position in KLX Energy Services during the first quarter worth about $91,000. Finally, Virtu Financial LLC bought a new position in shares of KLX Energy Services in the first quarter worth about $122,000. 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.