Brokerages Set Quintana Energy Services Inc (NYSE:QES) Price Target at $2.33

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Shares of Quintana Energy Services Inc (NYSE:QES) have been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $2.33.

Several analysts recently commented on QES shares. Zacks Investment Research upgraded shares of Quintana Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Barclays set a $2.00 price objective on shares of Quintana Energy Services and gave the company a “hold” rating in a research note on Monday, August 12th. Bank of America downgraded shares of Quintana Energy Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 28th. Citigroup lifted their target price on shares of Quintana Energy Services from $1.75 to $2.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Finally, Evercore ISI set a $3.00 price target on shares of Quintana Energy Services and gave the company a “buy” rating in a report on Friday, August 9th.

In other news, Director Douglas J. Pauls sold 22,133 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $34.16, for a total transaction of $756,063.28. Also, major shareholder Corbin J. Robertson, Jr. acquired 16,727 shares of Quintana Energy Services stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $1.62 per share, with a total value of $27,097.74. Insiders have bought a total of 49,790 shares of company stock valued at $86,241 over the last ninety days. Company insiders own 29.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its position in shares of Quintana Energy Services by 230.1% in the second quarter. Tower Research Capital LLC TRC now owns 16,949 shares of the company’s stock worth $27,000 after buying an additional 11,814 shares during the last quarter. Royal Bank of Canada bought a new position in shares of Quintana Energy Services in the second quarter valued at approximately $27,000. Susquehanna International Group LLP acquired a new stake in shares of Quintana Energy Services in the second quarter worth $32,000. Morgan Stanley grew its position in shares of Quintana Energy Services by 231.1% in the second quarter. Morgan Stanley now owns 21,684 shares of the company’s stock valued at $35,000 after purchasing an additional 15,134 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Quintana Energy Services in the second quarter worth about $44,000. 15.31% of the stock is currently owned by hedge funds and other institutional investors.

QES stock opened at $2.56 on Friday. Quintana Energy Services has a 52-week low of $1.12 and a 52-week high of $6.12. The company’s 50 day simple moving average is $1.97 and its 200-day simple moving average is $1.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.42. The firm has a market capitalization of $86.47 million, a P/E ratio of -5.12 and a beta of 3.23.

Quintana Energy Services (NYSE:QES) last released its earnings results on Thursday, November 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.09. The company had revenue of $121.08 million during the quarter, compared to analyst estimates of $127.90 million. Quintana Energy Services had a negative return on equity of 15.98% and a negative net margin of 12.62%. Sell-side analysts predict that Quintana Energy Services will post -1.15 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. The company operates through four segments: Directional Drilling, Pressure Pumping, Pressure Control, and Wireline.

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Analyst Recommendations for Quintana Energy Services (NYSE:QES)

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