ValuEngine lowered shares of Quintana Energy Services (NYSE:QES) from a hold rating to a sell rating in a report issued on Friday morning.
A number of other equities analysts have also commented on the stock. Barclays reissued a buy rating and issued a $10.00 price target on shares of Quintana Energy Services in a report on Saturday, August 11th. Zacks Investment Research raised shares of Quintana Energy Services from a sell rating to a hold rating in a report on Tuesday, August 14th. Citigroup decreased their price target on shares of Quintana Energy Services from $9.15 to $8.90 and set a neutral rating on the stock in a report on Friday, September 14th. Finally, Bank of America started coverage on shares of Quintana Energy Services in a report on Wednesday, October 17th. They issued a neutral rating and a $8.50 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $11.16.
Shares of NYSE:QES opened at $6.60 on Friday. The firm has a market capitalization of $218.06 million and a PE ratio of -132.00. Quintana Energy Services has a one year low of $6.60 and a one year high of $10.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.60 and a current ratio of 1.97.
Quintana Energy Services (NYSE:QES) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.06. The company had revenue of $152.54 million during the quarter, compared to the consensus estimate of $149.40 million. Research analysts expect that Quintana Energy Services will post -0.14 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its holdings in shares of Quintana Energy Services by 15.3% during the 2nd quarter. Northern Trust Corp now owns 71,724 shares of the company’s stock valued at $608,000 after purchasing an additional 9,507 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in shares of Quintana Energy Services during the 1st quarter valued at $100,000. GSA Capital Partners LLP bought a new position in shares of Quintana Energy Services during the 2nd quarter valued at $120,000. Citadel Advisors LLC bought a new position in shares of Quintana Energy Services during the 1st quarter valued at $159,000. Finally, Macquarie Group Ltd. bought a new position in shares of Quintana Energy Services during the 2nd quarter valued at $196,000. 16.98% of the stock is currently owned by institutional investors.
About Quintana Energy Services
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. It operates through four segments: Directional Drilling Services, Pressure Pumping Services, Pressure Control Services, and Wireline Services.
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