KLX Energy Services (NASDAQ:KLXE) Upgraded to “Strong-Buy” at Singular Research

Singular Research upgraded shares of KLX Energy Services (NASDAQ:KLXE) to a strong-buy rating in a report published on Monday morning, Zacks.com reports. Singular Research also issued estimates for KLX Energy Services’ Q3 2024 earnings at ($0.49) EPS, 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 cut their target price on KLX Energy Services from $6.50 to $4.50 and set a neutral rating for the company in a research note on Monday, July 15th.

KLX Energy Services Stock Up 0.9 %

NASDAQ KLXE opened at $6.75 on Monday. KLX Energy Services has a one year low of $4.18 and a one year high of $12.56. The company has a market cap of $113.85 million, a P/E ratio of -8.65 and a beta of 2.04. The business has a fifty day moving average price of $5.45 and a 200 day moving average price of $6.67. The company has a debt-to-equity ratio of 18.83, a quick ratio of 1.50 and a current ratio of 1.72.

Institutional Investors Weigh In On KLX Energy Services

Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of KLX Energy Services by 379.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the company’s stock worth $43,000 after purchasing an additional 3,001 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in 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 valued at $44,000 after buying an additional 8,946 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in KLX Energy Services in the 2nd quarter worth approximately $84,000. Paloma Partners Management Co acquired a new stake in shares of KLX Energy Services during the first quarter valued at about $91,000. Finally, Virtu Financial LLC purchased a new stake in KLX Energy Services during the 1st quarter worth approximately $122,000. Hedge funds and other institutional investors own 42.69% of the company’s stock.

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.