Quintana Energy Services Inc (NYSE:QES) Receives Average Rating of “Hold” from Brokerages

Quintana Energy Services Inc (NYSE:QES) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $2.33.

A number of brokerages have commented on QES. Evercore ISI set a $3.00 target price on Quintana Energy Services and gave the company a “buy” rating in a research note on Friday, August 9th. Bank of America downgraded Quintana Energy Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 28th. Citigroup boosted their target price on Quintana Energy Services from $1.75 to $2.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Barclays set a $2.00 target price on Quintana Energy Services and gave the company a “hold” rating in a research note on Monday, August 12th. Finally, ValuEngine upgraded Quintana Energy Services from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

NYSE QES traded down $0.18 on Friday, reaching $1.32. The stock had a trading volume of 24,400 shares, compared to its average volume of 20,811. The business has a 50 day moving average price of $1.79 and a 200 day moving average price of $2.54. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.30. Quintana Energy Services has a 1 year low of $1.12 and a 1 year high of $7.11. The company has a market capitalization of $53.60 million, a price-to-earnings ratio of -2.64 and a beta of 2.94.

Quintana Energy Services (NYSE:QES) last issued its earnings results on Wednesday, August 7th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.20). Quintana Energy Services had a negative net margin of 4.17% and a negative return on equity of 12.31%. The firm had revenue of $125.63 million during the quarter, compared to analysts’ expectations of $140.30 million. On average, analysts anticipate that Quintana Energy Services will post -1.05 earnings per share for the current fiscal year.

In related news, major shareholder Corbin J. Robertson, Jr. purchased 16,727 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $1.62 per share, for a total transaction of $27,097.74. Also, Director Douglas J. Pauls sold 22,133 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $34.16, for a total value of $756,063.28. In the last quarter, insiders have bought 49,790 shares of company stock valued at $86,241. 29.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in QES. IHT Wealth Management LLC bought a new stake in shares of Quintana Energy Services during the 2nd quarter worth about $104,000. Tower Research Capital LLC TRC boosted its stake in shares of Quintana Energy Services by 230.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 16,949 shares of the company’s stock worth $27,000 after acquiring an additional 11,814 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Quintana Energy Services during the 2nd quarter worth about $44,000. Morgan Stanley boosted its stake in shares of Quintana Energy Services by 231.1% during the 2nd quarter. Morgan Stanley now owns 21,684 shares of the company’s stock worth $35,000 after acquiring an additional 15,134 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of Quintana Energy Services during the 2nd quarter worth about $32,000. Institutional investors own 16.16% 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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Analyst Recommendations for Quintana Energy Services (NYSE:QES)

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