Short Interest in Quintana Energy Services Inc (NYSE:QES) Grows By 42.7%

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Quintana Energy Services Inc (NYSE:QES) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 221,200 shares, an increase of 42.7% from the May 30th total of 155,000 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average trading volume of 32,600 shares, the days-to-cover ratio is currently 6.8 days.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Quintana Energy Services by 2.3% during the 4th quarter. BlackRock Inc. now owns 335,276 shares of the company’s stock worth $1,159,000 after purchasing an additional 7,484 shares during the last quarter. Stephens Inc. AR bought a new stake in Quintana Energy Services during the 4th quarter worth about $35,000. Finally, Dimensional Fund Advisors LP raised its holdings in Quintana Energy Services by 174.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 77,593 shares of the company’s stock worth $268,000 after purchasing an additional 49,341 shares during the last quarter. 16.57% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. Bank of America restated an “underperform” rating and issued a $1.25 price objective (down previously from $4.50) on shares of Superior Energy Services in a research note on Tuesday, June 25th. Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $4.56.

Shares of NYSE:QES traded up $0.20 on Friday, hitting $2.17. The stock had a trading volume of 54,764 shares, compared to its average volume of 65,101. Quintana Energy Services has a twelve month low of $1.58 and a twelve month high of $8.89. The company has a quick ratio of 1.43, a current ratio of 1.69 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $2.16. The company has a market cap of $73.39 million, a P/E ratio of -4.34 and a beta of 2.63.

Quintana Energy Services (NYSE:QES) last issued its earnings results on Wednesday, May 8th. The company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.19). Quintana Energy Services had a negative net margin of 1.77% and a negative return on equity of 5.35%. The firm had revenue of $141.67 million during the quarter, compared to analyst estimates of $160.85 million. On average, sell-side analysts forecast that Quintana Energy Services will post -0.51 EPS for the current fiscal year.

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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