Sidoti Decreases Earnings Estimates for KLX Energy Services

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) – Research analysts at Sidoti cut their Q3 2026 earnings per share (EPS) estimates for KLX Energy Services in a research note issued on Tuesday, September 29th. Sidoti analyst S. Ferazani now expects that the company will post earnings of ($0.35) per share for the quarter, down from their previous forecast of ($0.12). The consensus estimate for KLX Energy Services’ current full-year earnings is ($1.18) per share. Sidoti also issued estimates for KLX Energy Services’ FY2026 earnings at ($1.18) EPS, Q3 2027 earnings at ($0.01) EPS and FY2027 earnings at ($0.19) EPS.

KLX Energy Services (NASDAQ:KLXE) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.64) earnings per share for the quarter, topping the consensus estimate of ($0.82) by $0.18. The company had revenue of $167.30 million for the quarter, compared to analyst estimates of $167.50 million.

Separately, Weiss Ratings downgraded KLX Energy Services from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

KLX Energy Services Trading Down 2.1%

Shares of KLXE opened at $1.38 on Thursday. The stock’s 50 day moving average is $1.66 and its two-hundred day moving average is $2.40. KLX Energy Services has a twelve month low of $1.32 and a twelve month high of $4.50. The firm has a market capitalization of $29.57 million, a PE ratio of -0.44 and a beta of 0.71.

Institutional Investors Weigh In On KLX Energy Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Engineers Gate Manager LP purchased a new position in KLX Energy Services in the 2nd quarter valued at about $72,000. NewEdge Advisors LLC acquired a new stake in KLX Energy Services during the second quarter worth approximately $65,000. Bank of New York Mellon Corp purchased a new stake in KLX Energy Services in the 2nd quarter worth approximately $60,000. Renaissance Technologies LLC raised its holdings in KLX Energy Services by 10.2% in the 1st quarter. Renaissance Technologies LLC now owns 152,100 shares of the company’s stock valued at $395,000 after acquiring an additional 14,100 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in KLX Energy Services by 31.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 23,725 shares of the company’s stock valued at $62,000 after acquiring an additional 5,658 shares during the last quarter. Hedge funds and other institutional investors own 42.69% of the company’s stock.

KLX Energy Services Company Profile

KLX Energy Services Holdings, Inc (NASDAQ: KLXE) provides oilfield services and equipment to exploration and production companies operating primarily in North American onshore oil and natural gas basins. Its customers use the company’s services during well completion, production, intervention and other stages of the well life cycle.

The company offers a range of technical and rental services, including well intervention, completion support, production services, wireline and related downhole solutions.