Singular Research Comments on KLX Energy Services Holdings, Inc.'s Q3 2024 Earnings (NASDAQ:KLXE)

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE - Free Report) - Research analysts at Singular Research issued their Q3 2024 EPS estimates for KLX Energy Services in a report released on Monday, August 12th. Singular Research analyst D. Marsh expects that the company will post earnings per share of ($0.49) for the quarter. Singular Research has a "Strong-Buy" rating on the stock. The consensus estimate for KLX Energy Services' current full-year earnings is ($2.60) per share. Singular Research also issued estimates for KLX Energy Services' Q4 2024 earnings at ($0.63) EPS, Q1 2025 earnings at ($1.03) EPS, Q2 2025 earnings at ($0.50) EPS, Q3 2025 earnings at ($0.53) EPS, Q4 2025 earnings at ($0.75) EPS and FY2025 earnings at ($2.81) EPS.

Separately, Piper Sandler dropped their price target on shares of KLX Energy Services from $6.50 to $4.50 and set a "neutral" rating on the stock in a research note on Monday, July 15th.

KLX Energy Services Stock Up 0.9 %

NASDAQ:KLXE traded up $0.06 during mid-day trading on Thursday, hitting $6.75. The stock had a trading volume of 63,787 shares, compared to its average volume of 188,209. The company has a market capitalization of $113.85 million, a PE ratio of -8.58 and a beta of 2.04. KLX Energy Services has a twelve month low of $4.18 and a twelve month high of $12.56. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 18.83. The stock has a 50-day simple moving average of $5.41 and a two-hundred day simple moving average of $6.67.

Hedge Funds Weigh In On KLX Energy Services

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in KLX Energy Services by 379.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the company's stock valued at $43,000 after purchasing an additional 3,001 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of KLX Energy Services by 89,460.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 8,956 shares of the company's stock worth $44,000 after acquiring an additional 8,946 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of KLX Energy Services during the first quarter worth approximately $91,000. Virtu Financial LLC purchased a new position in shares of KLX Energy Services during the first quarter worth approximately $122,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of KLX Energy Services during the second quarter worth approximately $84,000. 42.69% of the stock is currently owned by hedge funds and other institutional investors.

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.