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

Quintana Energy Services Inc (NYSE:QES) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $2.33.

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QES has been the topic of a number of analyst reports. ValuEngine upgraded Quintana Energy Services from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Citigroup lifted their price target on Quintana Energy Services from $1.75 to $2.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. Evercore ISI set a $3.00 price target on Quintana Energy Services and gave the company a “buy” rating in a research note on Friday, August 9th. Barclays set a $2.00 price target on Quintana Energy Services and gave the company a “hold” rating in a research note on Monday, August 12th. Finally, Bank of America downgraded Quintana Energy Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 28th.

Shares of Quintana Energy Services stock traded up $0.20 during trading on Tuesday, reaching $2.05. The company’s stock had a trading volume of 26,135 shares, compared to its average volume of 20,447. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.30. Quintana Energy Services has a 12-month low of $1.12 and a 12-month high of $6.73. The company has a market capitalization of $59.97 million, a P/E ratio of -4.10 and a beta of 2.87. The business has a 50 day moving average price of $1.81 and a 200-day moving average price of $2.24.

Quintana Energy Services (NYSE:QES) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $121.08 million for the quarter, compared to the consensus estimate of $127.90 million. Research analysts predict that Quintana Energy Services will post -1.17 EPS for the current fiscal year.

In other Quintana Energy Services news, Director Douglas J. Pauls sold 22,133 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $34.16, for a total transaction of $756,063.28. Also, major shareholder Corbin J. Robertson, Jr. bought 16,727 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $1.62 per share, for a total transaction of $27,097.74. Over the last quarter, insiders have acquired 49,790 shares of company stock worth $86,241. 29.60% of the stock is owned by company insiders.

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

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Analyst Recommendations for Quintana Energy Services (NYSE:QES)

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