Northern Trust Corp increased its stake in shares of Quintana Energy Services Inc (NYSE:QES) by 15.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,724 shares of the company’s stock after purchasing an additional 9,507 shares during the quarter. Northern Trust Corp’s holdings in Quintana Energy Services were worth $608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of QES. GSA Capital Partners LLP acquired a new stake in shares of Quintana Energy Services during the second quarter worth $120,000. BlackRock Inc. lifted its holdings in shares of Quintana Energy Services by 32.0% during the second quarter. BlackRock Inc. now owns 312,987 shares of the company’s stock worth $2,651,000 after purchasing an additional 75,849 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in shares of Quintana Energy Services during the second quarter worth $196,000. 17.10% of the stock is owned by hedge funds and other institutional investors.

QES has been the subject of several research analyst reports. Barclays reiterated a “buy” rating and issued a $10.00 price objective on shares of Quintana Energy Services in a research report on Saturday, August 11th. Zacks Investment Research upgraded Quintana Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Bank of America initiated coverage on Quintana Energy Services in a research report on Wednesday, October 17th. They issued a “neutral” rating and a $8.50 price objective for the company. Citigroup cut their price objective 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. Finally, ValuEngine cut Quintana Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $10.61.

Shares of QES stock opened at $5.15 on Friday. Quintana Energy Services Inc has a fifty-two week low of $5.15 and a fifty-two week high of $10.67. The firm has a market capitalization of $177.09 million and a PE ratio of -103.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.95 and a quick ratio of 1.60.

Quintana Energy Services (NYSE:QES) last announced its quarterly earnings results on Tuesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $160.50 million. As a group, sell-side analysts anticipate that Quintana Energy Services Inc will post -0.19 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Quintana Energy Services (NYSE:QES)

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