KLX Energy Services (KLXE) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KLX Energy Services in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" KLXE shares.
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2 brokers have issued 12-month price targets for KLX Energy Services' stock. Their KLXE share price forecasts range from $19.00 to $30.00. On average, they anticipate the company's share price to reach $24.50 in the next year. This suggests a possible upside of 208.6% from the stock's current price.
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KLX Energy Services' stock was trading at $17.31 on January 1st, 2023. Since then, KLXE shares have decreased by 54.1% and is now trading at $7.94.
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KLX Energy Services saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,100,000 shares, an increase of 23.0% from the April 30th total of 894,400 shares. Based on an average daily volume of 194,800 shares, the short-interest ratio is currently 5.6 days.
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KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) issued its quarterly earnings data on Wednesday, March, 8th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.06. The company earned $223.30 million during the quarter. KLX Energy Services had a negative trailing twelve-month return on equity of 104.47% and a net margin of 3.02%.

KLX Energy Services's stock reverse split on Tuesday, July 28th 2020. The 1-5 reverse split was announced on Monday, July 27th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Monday, July 27th 2020. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

KLX Energy Services issued an update on its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $240.00 million-$250.00 million, compared to the consensus revenue estimate of $246.00 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other KLX Energy Services investors own include Coty (COTY), Carnival Co. & (CCL), Sorrento Therapeutics (SRNE), Marathon Oil (MRO), Outlook Therapeutics (OTLK), Boxlight (BOXL), Callon Petroleum (CPE), Ford Motor (F), Matinas BioPharma (MTNB) and VBI Vaccines (VBIV).

KLX Energy Services trades on the NASDAQ under the ticker symbol "KLXE."

KLX Energy Services' stock is owned by many different retail and institutional investors. Top institutional shareholders include Gendell Jeffrey L (6.41%), Renaissance Technologies LLC (1.09%), Steamboat Capital Partners LLC (1.04%), Geode Capital Management LLC (0.67%), BlackRock Inc. (0.66%) and Two Sigma Investments LP (0.54%). Insiders that own company stock include Amin J Khoury, Christopher J Baker, Corbin J Robertson Jr, Corbin J Robertson, Jr, Geoffrey C Stanford, John T Collins, Keefer Mcgovern Lehner, Max Bouthillette and Theodore L Weise.
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Shares of KLXE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KLXE stock can currently be purchased for approximately $7.94.

KLX Energy Services (NASDAQ:KLXE) has a market capitalization of $130.30 million and generates $781.60 million in revenue each year. The company earns $-3,100,000.00 in net income (profit) each year or $2.00 on an earnings per share basis.

The company employs 1,779 workers across the globe.

KLX Energy Services' mailing address is 1300 CORPORATE CENTER WAY, WELLINGTON FL, 33414. The official website for the company is www.klxenergy.com. The company can be reached via phone at (832) 844-1015 or via email at michael.perlman@klxenergy.com.