Quintana Energy Services Inc (NYSE:QES) has earned a consensus rating of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.50.
Several equities research analysts recently issued reports on the company. Capital One Financial assumed coverage on Quintana Energy Services in a research report on Thursday, March 15th. They set an “overweight” rating on the stock. Evercore ISI assumed coverage on Quintana Energy Services in a research report on Tuesday, March 6th. They set an “outperform” rating and a $13.00 price target on the stock. Zacks Investment Research lowered Quintana Energy Services from a “buy” rating to a “hold” rating in a research report on Tuesday, May 15th. ValuEngine lowered Quintana Energy Services from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Barclays reissued a “buy” rating and set a $12.00 price target on shares of Quintana Energy Services in a research report on Wednesday, April 4th.
A number of hedge funds and other institutional investors have recently modified their holdings of QES. Schwab Charles Investment Management Inc. acquired a new stake in Quintana Energy Services in the first quarter worth $100,000. Citadel Advisors LLC acquired a new stake in Quintana Energy Services in the first quarter worth $159,000. JPMorgan Chase & Co. acquired a new stake in Quintana Energy Services in the first quarter worth $275,000. Citigroup Inc. acquired a new stake in Quintana Energy Services in the first quarter worth $321,000. Finally, Dean Capital Investments Management LLC acquired a new stake in Quintana Energy Services in the first quarter worth $433,000. 16.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of QES stock traded up $0.34 on Friday, hitting $8.47. 20,593 shares of the stock traded hands, compared to its average volume of 47,106. The company has a current ratio of 1.99, a quick ratio of 1.63 and a debt-to-equity ratio of 0.08. The firm has a market cap of $268.61 million and a P/E ratio of -169.40. Quintana Energy Services has a 1-year low of $7.10 and a 1-year high of $10.67.
Quintana Energy Services (NYSE:QES) last posted its quarterly earnings results on Wednesday, May 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.49). The company had revenue of $141.27 million during the quarter, compared to analyst estimates of $130.50 million. research analysts forecast that Quintana Energy Services will post 0.44 EPS for the current fiscal year.
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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