Quintana Energy Services (NYSE:QES) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Quintana Energy Services Inc. is a provider of diversified oilfield services to onshore oil and natural gas exploration and production companies operating in both conventional and unconventional plays. The company’s primary services include directional drilling, pressure pumping, pressure control and wireline services. Quintana Energy Services Inc. is based in Houston, Texas. “
Several other equities analysts have also recently commented on the stock. Citigroup started coverage on shares of Quintana Energy Services in a research report on Wednesday, March 7th. They issued a “neutral” rating and a $10.00 price target for the company. ValuEngine cut shares of Quintana Energy Services from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Piper Jaffray initiated coverage on shares of Quintana Energy Services in a report on Tuesday, March 6th. They issued an “overweight” rating and a $14.00 price objective on the stock. Capital One initiated coverage on shares of Quintana Energy Services in a report on Thursday, March 15th. They issued an “overweight” rating on the stock. Finally, Barclays restated a “buy” rating and issued a $12.00 price objective on shares of Quintana Energy Services in a report on Wednesday, April 4th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $12.11.
Shares of Quintana Energy Services opened at $8.92 on Tuesday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.99 and a quick ratio of 1.63. Quintana Energy Services has a 52 week low of $8.67 and a 52 week high of $8.90. The company has a market capitalization of $294.06 million and a price-to-earnings ratio of -178.40.
Quintana Energy Services (NYSE:QES) last issued its quarterly earnings results on Wednesday, May 9th. The company reported ($0.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.49). The business had revenue of $141.27 million for the quarter, compared to the consensus estimate of $130.50 million. equities analysts forecast that Quintana Energy Services will post 0.67 EPS for the current fiscal year.
In other news, insider Daniel Rogers ` Herndon acquired 10,000 shares of Quintana Energy Services stock in a transaction dated Friday, February 16th. The shares were acquired at an average cost of $9.39 per share, for a total transaction of $93,900.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. acquired a new stake in Quintana Energy Services during the 1st quarter worth $100,000. Citadel Advisors LLC acquired a new stake in Quintana Energy Services during the 1st quarter worth $159,000. JPMorgan Chase & Co. acquired a new stake in Quintana Energy Services during the 1st quarter worth $275,000. Citigroup Inc. acquired a new stake in Quintana Energy Services during the 1st quarter worth $321,000. Finally, Dean Capital Investments Management LLC acquired a new stake in Quintana Energy Services during the 1st quarter worth $433,000. Hedge funds and other institutional investors own 0.19% 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. It operates through four segments: Directional Drilling Services, Pressure Pumping Services, Pressure Control Services, and Wireline Services.
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