KLXE stock icon

KLX Energy Services
KLXE

$4.94
1.21%
 

About: KLX Energy Services Holdings Inc is a provider of completion, intervention and production services and products to the onshore oil and gas producing regions of the United States. It serves the companies engaged in the exploration and development of onshore conventional and unconventional oil and natural gas reserves. Its products and services offerings include surface facilities and equipment, pressure control services, wireline services, fishing services, and engineered products. The company's segments include Southwest; Rocky Mountains and Northeast/Mid-Con region. It derives maximum revenue from Northeast/Mid-Con region.

Employees: 1,919

0
Funds holding %
of 6,702 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 11

15% more funds holding

Funds holding: 74 [Q4 2023] → 85 (+11) [Q1 2024]

1.39% more ownership

Funds ownership: 43.5% [Q4 2023] → 44.89% (+1.39%) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

12% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 25

28% less capital invested

Capital invested by funds: $80.4M [Q4 2023] → $58.1M (-$22.3M) [Q1 2024]

68% less call options, than puts

Call options by funds: $246K | Put options by funds: $777K

Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$6.50
32%
upside
Avg. target
$9
82%
upside
High target
$11.50
133%
upside

2 analyst ratings

positive
0%
neutral
100%
negative
0%
Piper Sandler
Luke Lemoine
32%upside
$6.5
Neutral
Maintained
20 May 2024
Piper Sandler
Luke Lemoine
133%upside
$11.5
Neutral
Maintained
11 Mar 2024

Financial journalist opinion

Neutral
PRNewsWire
3 months ago
KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FOURTH QUARTER 2023 RESULTS
Company generates record annual revenue, Adjusted EBITDA and free cash flow HOUSTON , March 6, 2024  KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial results for the fourth quarter ended December 31, 2023. Full Year 2023 Financial Highlights Revenue of $888 million, an increase of 14% compared to prior year despite a 20% decline in rig count over the same period Net income of $19 million, an increase of 719% compared to prior year, and diluted income per share of $1.22 Net income margin of 2%, a 645% increase from prior year Adjusted EBITDA of $138 million, an increase of 42% compared to prior year Adjusted EBITDA margin of 16% compared to 2022 Adjusted EBITDA margin of 12% Cash balance of $113 million, increased 96% compared to prior year Total debt of $284 million, consistent with prior year Net Debt of $172 million, a $54 million or 24% reduction compared to prior year Liquidity of $154 million, consisting of approximately $113 million of cash and nearly $42 million of available borrowing capacity under the December 2023 asset-based revolving credit facility (the "ABL Facility") borrowing base certificate, representing a $53 million or 52% increase compared to prior year Net Leverage Ratio of 1.2x, reduced 47% from prior year Fourth  Quarter 2023 Financial Highlights Revenue of $194 million Net loss of $(9) million and diluted loss per share of $(0.58) Adjusted EBITDA of $23 million and Adjusted EBITDA margin of 12% See "Non-GAAP Financial Measures" at the end of this release for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income (Loss), Adjusted Diluted Earnings (Loss) per share, Unlevered and Levered Free Cash Flow, Net Working Capital, Net Debt, Net Leverage Ratio and their reconciliations to the most directly comparable financial measure calculated and presented in accordance with U.S. generally accepted accounting principles ("GAAP").
KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FOURTH QUARTER 2023 RESULTS