5 Best Oil and Gas Penny Stocks to Buy Now

3. KLX Energy Services Holdings, Inc. (NASDAQ:KLXE)

Number of Hedge Fund Holders: 9

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) is a leading US onshore provider of mission-critical oilfield services focused on completion, intervention, and production activities for the most technically demanding wells.

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) reported its Q4 2025 results on March 12, with the company’s adjusted loss per share of $0.76 exceeding estimates by $0.04. The firm also achieved a revenue of $156.8 million, down by over 5% YoY due to a decrease in activity and the expected seasonal decline in the fourth quarter. With an adjusted EBITDA of $23 million and adjusted EBITDA margin of 14%, the fourth quarter was KLX’s most profitable of the year.

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) posted a revenue of $637 million for the full-year 2025, while its adjusted EBITDA and adjusted EBITDA margin stood at $76 million and 12%, respectively.

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) is projecting a revenue of $145 million to $150 million for Q1 2026, down approximately 3% YoY, driven by the familiar seasonal combination of customer budget resets, slower restarts of completion programs and weather-related disruptions. However, the company then expects the second quarter revenue to rebound to the $160 million to $170 million range, which is higher than the same period compared to last year.