Quintana Energy Services Inc (NYSE:QES) – Investment analysts at Piper Jaffray Companies cut their Q4 2019 earnings per share (EPS) estimates for shares of Quintana Energy Services in a report issued on Thursday, May 9th. Piper Jaffray Companies analyst I. Macpherson now expects that the company will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.06. Piper Jaffray Companies also issued estimates for Quintana Energy Services’ Q1 2020 earnings at $0.08 EPS, Q2 2020 earnings at $0.10 EPS, Q3 2020 earnings at $0.16 EPS and Q4 2020 earnings at $0.16 EPS.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Quintana Energy Services from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Wednesday, May 1st. Bank of America upgraded shares of Quintana Energy Services from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a report on Tuesday, April 16th. They noted that the move was a valuation call. Citigroup upped their price target on shares of Quintana Energy Services from $4.25 to $5.50 and gave the stock a “neutral” rating in a report on Tuesday, March 12th. Barclays downgraded shares of Quintana Energy Services from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $7.00 to $4.50 in a report on Tuesday, March 12th. Finally, Capital One Financial downgraded shares of Quintana Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 16th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $5.56.
Quintana Energy Services (NYSE:QES) last released its earnings results on Wednesday, March 6th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Quintana Energy Services had a negative return on equity of 5.30% and a negative net margin of 1.77%. The business had revenue of $159.65 million for the quarter, compared to the consensus estimate of $160.65 million.
In other news, insider Keefer Mcgovern Lehner sold 12,500 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $4.05, for a total transaction of $50,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 16,500 shares of company stock valued at $70,365 over the last quarter. Company insiders own 29.60% of the company’s stock.
Several large investors have recently made changes to their positions in QES. BlackRock Inc. boosted its stake in shares of Quintana Energy Services by 4.7% in the third quarter. BlackRock Inc. now owns 327,792 shares of the company’s stock valued at $2,406,000 after buying an additional 14,805 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Quintana Energy Services in the third quarter valued at approximately $207,000. Vanguard Group Inc boosted its stake in shares of Quintana Energy Services by 1.0% in the third quarter. Vanguard Group Inc now owns 436,039 shares of the company’s stock valued at $3,200,000 after buying an additional 4,495 shares during the period. Strs Ohio boosted its stake in shares of Quintana Energy Services by 105.4% in the fourth quarter. Strs Ohio now owns 19,800 shares of the company’s stock valued at $68,000 after buying an additional 10,162 shares during the period. Finally, Stephens Inc. AR bought a new stake in shares of Quintana Energy Services in the fourth quarter valued at approximately $35,000. Institutional investors own 16.40% of the company’s stock.
Quintana Energy Services Company Profile
Quintana Energy Services Inc provides oilfield services to onshore oil and natural gas exploration and production companies operating in conventional and unconventional plays in the United States. The company operates through four segments: Directional Drilling, Pressure Pumping, Pressure Control, and Wireline.
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