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

Quintana Energy Services Inc (NYSE:QES) has earned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. One investment 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 twelve-month price objective among brokers that have covered the stock in the last year is $2.33.

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

Quintana Energy Services stock traded up $0.20 during midday trading on Tuesday, reaching $2.05. 26,135 shares of the stock traded hands, compared to its average volume of 20,447. The company has a 50-day simple moving average of $1.81 and a two-hundred day simple moving average of $2.24. Quintana Energy Services has a 12-month low of $1.12 and a 12-month high of $6.73. The firm has a market cap of $59.97 million, a PE ratio of -4.10 and a beta of 2.87. 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 (NYSE:QES) last announced its earnings results on Thursday, November 7th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.09. Quintana Energy Services had a negative return on equity of 12.31% and a negative net margin of 4.17%. The company had revenue of $121.08 million during the quarter, compared to analysts’ expectations of $127.90 million. Equities research analysts anticipate that Quintana Energy Services will post -1.17 earnings per share for the current year.

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In other news, Director Douglas J. Pauls sold 22,133 shares of Quintana Energy Services 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. Also, major shareholder Corbin J. Robertson, Jr. acquired 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, with a total value of $27,097.74. Insiders bought a total of 49,790 shares of company stock valued at $86,241 in the last quarter. Company insiders own 29.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. IHT Wealth Management LLC purchased a new position in shares of Quintana Energy Services in the 2nd quarter valued at about $104,000. Paloma Partners Management Co purchased a new position in shares of Quintana Energy Services in the 2nd quarter valued at about $44,000. Morgan Stanley boosted its stake in shares of Quintana Energy Services by 231.1% in the 2nd quarter. Morgan Stanley now owns 21,684 shares of the company’s stock valued at $35,000 after buying an additional 15,134 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Quintana Energy Services in the 2nd quarter valued at about $32,000. Finally, Royal Bank of Canada purchased a new position in shares of Quintana Energy Services in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 16.16% of the company’s stock.

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. The company operates through four segments: Directional Drilling, Pressure Pumping, Pressure Control, and Wireline.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Quintana Energy Services (NYSE:QES)

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