Analysts expect that Quintana Energy Services Inc (NYSE:QES) will report sales of $160.50 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Quintana Energy Services’ earnings. The lowest sales estimate is $157.20 million and the highest is $163.80 million. The company is expected to announce its next quarterly earnings report on Wednesday, November 14th.
According to Zacks, analysts expect that Quintana Energy Services will report full-year sales of $614.50 million for the current fiscal year, with estimates ranging from $611.00 million to $618.00 million. For the next year, analysts forecast that the company will report sales of $708.70 million per share, with estimates ranging from $706.60 million to $710.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Quintana Energy Services.
Quintana Energy Services (NYSE:QES) last posted its earnings results on Thursday, August 9th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The company had revenue of $152.54 million for the quarter, compared to the consensus estimate of $149.40 million.
QES has been the topic of several research analyst reports. Barclays restated a “buy” rating and set a $10.00 target price on shares of Quintana Energy Services in a research note on Saturday, August 11th. Zacks Investment Research raised shares of Quintana Energy Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $11.82.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in QES. Schwab Charles Investment Management Inc. purchased a new stake in shares of Quintana Energy Services during the 1st quarter valued at about $100,000. GSA Capital Partners LLP purchased a new stake in shares of Quintana Energy Services during the 2nd quarter valued at about $120,000. Citadel Advisors LLC purchased a new stake in shares of Quintana Energy Services during the 1st quarter valued at about $159,000. Macquarie Group Ltd. purchased a new stake in shares of Quintana Energy Services during the 2nd quarter valued at about $196,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Quintana Energy Services during the 1st quarter valued at about $275,000. 17.01% of the stock is owned by hedge funds and other institutional investors.
QES opened at $8.00 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.17. The stock has a market cap of $265.64 million and a price-to-earnings ratio of -160.00. Quintana Energy Services has a 52-week low of $6.62 and a 52-week high of $10.67.
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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