Sidoti Csr Lifts Earnings Estimates for KLX Energy Services

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) – Equities research analysts at Sidoti Csr lifted their FY2024 earnings per share estimates for shares of KLX Energy Services in a report issued on Monday, March 10th. Sidoti Csr analyst S. Ferazani now forecasts that the company will post earnings of ($2.70) per share for the year, up from their previous estimate of ($2.83). The consensus estimate for KLX Energy Services’ current full-year earnings is ($2.79) per share. Sidoti Csr also issued estimates for KLX Energy Services’ Q4 2024 earnings at ($0.67) EPS, Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at ($0.04) EPS and Q4 2025 earnings at ($0.54) EPS.

KLX Energy Services Trading Up 3.1 %

NASDAQ:KLXE opened at $4.65 on Thursday. KLX Energy Services has a twelve month low of $3.76 and a twelve month high of $8.13. The company has a quick ratio of 1.08, a current ratio of 1.24 and a debt-to-equity ratio of 105.76. The business has a 50 day moving average price of $5.10 and a two-hundred day moving average price of $5.34. The company has a market cap of $78.40 million, a P/E ratio of -1.57 and a beta of 1.98.

Hedge Funds Weigh In On KLX Energy Services

A number of large investors have recently bought and sold shares of KLXE. CastleKnight Management LP boosted its position in KLX Energy Services by 32.9% during the 4th quarter. CastleKnight Management LP now owns 510,020 shares of the company’s stock worth $2,540,000 after acquiring an additional 126,341 shares during the last quarter. Fidelity National Financial Inc. bought a new stake in shares of KLX Energy Services during the 4th quarter worth approximately $477,000. Raymond James Financial Inc. bought a new stake in KLX Energy Services in the 4th quarter valued at $305,000. PEAK6 Investments LLC raised its stake in KLX Energy Services by 566.6% in the 3rd quarter. PEAK6 Investments LLC now owns 29,882 shares of the company’s stock valued at $163,000 after acquiring an additional 36,286 shares during the period. Finally, XTX Topco Ltd bought a new stake in KLX Energy Services in the 3rd quarter valued at $146,000. Institutional investors and hedge funds own 42.69% of the company’s stock.

About KLX Energy Services

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.