Sidoti Equities Analysts Boost Earnings Estimates for KLXE

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) – Investment analysts at Sidoti increased their Q3 2027 earnings per share estimates for KLX Energy Services in a research report issued to clients and investors on Monday, November 9th. Sidoti analyst S. Ferazani now forecasts that the company will earn $0.00 per share for the quarter, up from their prior forecast of ($0.01). The consensus estimate for KLX Energy Services’ current full-year earnings is ($1.18) per share. Sidoti also issued estimates for KLX Energy Services’ Q1 2028 earnings at ($0.08) EPS, Q2 2028 earnings at ($0.02) EPS, Q3 2028 earnings at $0.02 EPS and FY2028 earnings at ($0.09) EPS.

Separately, Weiss Ratings lowered shares of KLX Energy Services from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

KLX Energy Services Stock Performance

NASDAQ KLXE opened at $1.11 on Tuesday. The company has a market cap of $23.79 million, a P/E ratio of -0.36 and a beta of 0.81. The business’s 50 day moving average price is $1.34 and its 200-day moving average price is $2.27. KLX Energy Services has a fifty-two week low of $0.92 and a fifty-two week high of $4.50.

KLX Energy Services (NASDAQ:KLXE) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.09). The firm had revenue of $185.60 million during the quarter, compared to analyst estimates of $182.50 million.

Hedge Funds Weigh In On KLX Energy Services

A number of institutional investors have recently modified their holdings of KLXE. Janney Montgomery Scott LLC bought a new stake in shares of KLX Energy Services during the first quarter valued at approximately $26,000. Dimensional Fund Advisors LP purchased a new stake in shares of KLX Energy Services in the first quarter valued at approximately $42,000. Bank of New York Mellon Corp bought a new position in KLX Energy Services in the second quarter worth approximately $60,000. PNC Financial Services Group Inc. grew its stake in KLX Energy Services by 31.3% in the first quarter. PNC Financial Services Group Inc. now owns 23,725 shares of the company’s stock worth $62,000 after purchasing an additional 5,658 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in KLX Energy Services in the second quarter worth approximately $65,000. 42.69% of the stock is owned by hedge funds and other institutional investors.

KLX Energy Services Company Profile

KLX Energy Services Holdings, Inc provides technical oilfield services and equipment to exploration and production companies operating primarily in the United States. The company supports onshore drilling, completion and production activities, helping customers construct, maintain and optimize oil and natural gas wells.

Its service portfolio includes well-intervention and completion services such as coiled tubing, wireline, pressure pumping, stimulation, snubbing, well testing and related technical services.