Equities Analysts Issue Forecasts for KLXE FY2024 Earnings

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) – Analysts at Sidoti Csr raised their FY2024 EPS estimates for shares of KLX Energy Services in a research note issued to investors on Monday, March 10th. Sidoti Csr analyst S. Ferazani now expects that the company will earn ($2.70) per share for the year, up from their previous forecast 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 Price Performance

Shares of NASDAQ:KLXE opened at $4.24 on Thursday. The company has a market cap of $71.49 million, a price-to-earnings ratio of -1.43 and a beta of 1.98. The company has a debt-to-equity ratio of 105.76, a current ratio of 1.24 and a quick ratio of 1.08. The firm has a 50 day simple moving average of $5.07 and a 200 day simple moving average of $5.33. KLX Energy Services has a one year low of $3.76 and a one year high of $8.13.

Hedge Funds Weigh In On KLX Energy Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mesirow Financial Investment Management Inc. acquired a new position in KLX Energy Services in the 4th quarter valued at approximately $50,000. Virtu Financial LLC acquired a new position in KLX Energy Services in the 3rd quarter valued at approximately $77,000. SkyView Investment Advisors LLC increased its position in KLX Energy Services by 20.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 15,000 shares of the company’s stock valued at $82,000 after acquiring an additional 2,500 shares during the period. Occudo Quantitative Strategies LP acquired a new position in KLX Energy Services in the 4th quarter valued at approximately $83,000. Finally, PEAK6 LLC acquired a new position in KLX Energy Services in the 4th quarter valued at approximately $98,000. 42.69% of the stock is currently owned by institutional investors and hedge funds.

KLX Energy Services Company Profile

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.