Quintana Energy Services (NYSE:QES) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, September 20th.
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 research firms have also issued reports on QES. Citigroup decreased their target price on Quintana Energy Services from $9.15 to $8.90 and set a “neutral” rating for the company in a research report on Friday, September 14th. Barclays restated a “buy” rating and set a $10.00 target price on shares of Quintana Energy Services in a research report on Saturday, August 11th. One 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 company currently has an average rating of “Buy” and a consensus target price of $11.66.
NYSE:QES traded down $0.11 on Thursday, hitting $7.29. 8,601 shares of the stock were exchanged, compared to its average volume of 57,793. The stock has a market capitalization of $242.51 million and a P/E ratio of -145.80. Quintana Energy Services has a 52 week low of $6.62 and a 52 week high of $10.67. The company has a current ratio of 1.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.17.
Quintana Energy Services (NYSE:QES) last announced its quarterly earnings data on Thursday, August 9th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The firm had revenue of $152.54 million for the quarter, compared to the consensus estimate of $149.40 million. As a group, equities analysts predict that Quintana Energy Services will post -0.2 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp boosted its position in Quintana Energy Services by 15.3% during the 2nd quarter. Northern Trust Corp now owns 71,724 shares of the company’s stock worth $608,000 after acquiring an additional 9,507 shares during the last quarter. Macquarie Group Ltd. acquired a new position in Quintana Energy Services during the 2nd quarter worth approximately $196,000. BlackRock Inc. boosted its position in Quintana Energy Services by 32.0% during the 2nd quarter. BlackRock Inc. now owns 312,987 shares of the company’s stock worth $2,651,000 after acquiring an additional 75,849 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Quintana Energy Services during the 2nd quarter worth approximately $120,000. Finally, Millennium Management LLC acquired a new position in Quintana Energy Services during the 1st quarter worth approximately $3,735,000. Institutional investors and hedge funds own 16.98% 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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