Q2 EPS Estimates for KLX Energy Services Boosted by Sidoti

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) – Research analysts at Sidoti increased their Q2 2027 earnings estimates for shares of KLX Energy Services in a research note issued to investors on Thursday, July 23rd. Sidoti analyst S. Ferazani now expects that the company will earn ($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 issued its quarterly earnings data on Tuesday, May 12th. The company reported ($1.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.27) by $0.09. The firm had revenue of $144.70 million for the quarter, compared to analyst estimates of $146.50 million.

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

KLX Energy Services Stock Down 2.3%

KLX Energy Services stock opened at $2.13 on Monday. The firm has a market capitalization of $42.41 million, a PE ratio of -0.56 and a beta of 0.79. KLX Energy Services has a 52 week low of $1.49 and a 52 week high of $4.50. The firm’s 50-day simple moving average is $2.63 and its 200 day simple moving average is $2.68.

Hedge Funds Weigh In On KLX Energy Services

Several hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL lifted its position in shares of KLX Energy Services by 14.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 40,000 shares of the company’s stock valued at $76,000 after acquiring an additional 5,000 shares in the last quarter. PNC Financial Services Group Inc. increased its position in KLX Energy Services by 31.3% during the 1st 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. Renaissance Technologies LLC increased its position in KLX Energy Services by 6.2% during the 4th quarter. Renaissance Technologies LLC now owns 138,000 shares of the company’s stock worth $261,000 after purchasing an additional 8,100 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in KLX Energy Services in the 1st quarter valued at about $26,000. Finally, Jane Street Group LLC raised its stake in KLX Energy Services by 88.5% in the 4th quarter. Jane Street Group LLC now owns 30,605 shares of the company’s stock valued at $58,000 after purchasing an additional 14,373 shares during the last quarter. Hedge funds and other institutional investors own 42.69% of the company’s stock.

About KLX Energy Services

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.