Q3 EPS Estimate for KLX Energy Services Raised by Analyst

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) – Stock analysts at Sidoti lifted their Q3 2027 earnings estimates for KLX Energy Services in a research report issued on Monday, November 9th. Sidoti analyst S. Ferazani now forecasts that the company will post earnings per share of $0.00 for the quarter, up from their previous 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 report on Monday, September 28th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

KLX Energy Services Stock Up 11.0%

Shares of NASDAQ KLXE opened at $1.11 on Tuesday. The firm’s 50-day moving average price is $1.34 and its 200-day moving average price is $2.27. The company has a market cap of $23.79 million, a PE ratio of -0.36 and a beta of 0.81. KLX Energy Services has a 52-week low of $0.92 and a 52-week high of $4.50.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fidelity National Financial Inc. bought a new stake in KLX Energy Services in the third quarter worth $1,354,000. Kestra Advisory Services LLC lifted its position in KLX Energy Services by 183.4% during the third quarter. Kestra Advisory Services LLC now owns 572,215 shares of the company’s stock valued at $830,000 after purchasing an additional 370,336 shares during the last quarter. NewEdge Advisors LLC bought a new position in KLX Energy Services during the second quarter valued at $65,000. Engineers Gate Manager LP bought a new position in KLX Energy Services during the second quarter valued at $72,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of KLX Energy Services in the 2nd quarter worth $60,000. 42.69% of the stock is currently owned by institutional investors.

About KLX Energy Services

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.