Quintana Energy Services (QES) Hits New 1-Year Low at $5.17

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Quintana Energy Services Inc (NYSE:QES) hit a new 52-week low on Thursday . The company traded as low as $5.17 and last traded at $5.17, with a volume of 7753 shares changing hands. The stock had previously closed at $5.36.

A number of equities research analysts have weighed in on the company. Barclays reaffirmed a “buy” rating and issued a $10.00 target price on shares of Quintana Energy Services in a report on Saturday, August 11th. Zacks Investment Research raised Quintana Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. Bank of America assumed coverage on Quintana Energy Services in a report on Wednesday, October 17th. They issued a “neutral” rating and a $8.50 target price on the stock. ValuEngine raised Quintana Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Citigroup reduced their target price on Quintana Energy Services from $9.15 to $8.90 and set a “neutral” rating on the stock in a report on Friday, September 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Quintana Energy Services has an average rating of “Buy” and a consensus price target of $10.61.

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.95 and a quick ratio of 1.60. The firm has a market cap of $170.16 million and a price-to-earnings ratio of -104.00.

Quintana Energy Services (NYSE:QES) last released its quarterly earnings data on Tuesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.17). Quintana Energy Services had a negative net margin of 2.25% and a negative return on equity of 7.57%. The firm had revenue of $150.90 million for the quarter, compared to analyst estimates of $160.50 million. On average, equities research analysts anticipate that Quintana Energy Services Inc will post -0.19 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of Quintana Energy Services by 4.7% during the 3rd quarter. BlackRock Inc. now owns 327,792 shares of the company’s stock valued at $2,406,000 after acquiring an additional 14,805 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Quintana Energy Services by 15.3% during the 2nd quarter. Northern Trust Corp now owns 71,724 shares of the company’s stock valued at $608,000 after acquiring an additional 9,507 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Quintana Energy Services during the 3rd quarter valued at $207,000. Bridgeway Capital Management Inc. acquired a new stake in shares of Quintana Energy Services during the 3rd quarter valued at $189,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of Quintana Energy Services during the 2nd quarter valued at $196,000. 17.10% of the stock is currently owned by institutional investors.

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Quintana Energy Services Company Profile (NYSE:QES)

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.

See Also: Systematic Risk and Investors

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