Shares of Quintana Energy Services Inc (NYSE:QES) have earned an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. Five 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.

QES has been the subject of a number of analyst reports. 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. Bank of America cut Quintana Energy Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 28th. Citigroup raised 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. Zacks Investment Research upgraded shares of Quintana Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Barclays set a $2.00 price objective on shares of Quintana Energy Services and gave the company a “hold” rating in a research report on Monday, August 12th.

NYSE:QES opened at $2.56 on Friday. Quintana Energy Services has a twelve month low of $1.12 and a twelve month high of $6.12. The company has a quick ratio of 1.42, a current ratio of 1.72 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $1.97 and a two-hundred day moving average price of $1.97. The company has a market cap 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 analysts’ consensus estimates of ($0.25) by $0.09. Quintana Energy Services had a negative return on equity of 15.98% and a negative net margin of 12.62%. The business had revenue of $121.08 million for the quarter, compared to the consensus estimate of $127.90 million. As a group, analysts anticipate that Quintana Energy Services will post -1.15 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in Quintana Energy Services by 230.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,949 shares of the company’s stock valued at $27,000 after acquiring an additional 11,814 shares during the period. Royal Bank of Canada bought a new stake in shares of Quintana Energy Services during the second quarter worth approximately $27,000. Susquehanna International Group LLP bought a new stake in shares of Quintana Energy Services during the second quarter worth approximately $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 acquired a new position in shares of Quintana Energy Services in the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 15.31% 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. 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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