Wall Street brokerages expect Quintana Energy Services Inc (NYSE:QES) to report $155.80 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Quintana Energy Services’ earnings. The lowest sales estimate is $150.80 million and the highest is $160.80 million. Quintana Energy Services posted sales of $150.90 million in the same quarter last year, which suggests a positive year over year growth rate of 3.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 5th.
On average, analysts expect that Quintana Energy Services will report full year sales of $603.65 million for the current financial year, with estimates ranging from $583.60 million to $623.70 million. For the next year, analysts forecast that the firm will post sales of $658.35 million, with estimates ranging from $654.40 million to $662.30 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Quintana Energy Services.
A number of research analysts have weighed in on the stock. Bank of America reiterated a “buy” rating and issued a $3.00 price objective (down previously from $6.00) on shares of Quintana Energy Services in a research report on Tuesday, June 25th. Citigroup decreased their price objective on shares of Quintana Energy Services from $3.00 to $1.75 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. Evercore ISI set a $3.00 price objective on shares of Quintana Energy Services and gave the stock a “buy” rating in a research report on Friday, August 9th. Barclays set a $2.00 price objective on shares of Quintana Energy Services and gave the stock a “hold” rating in a research report on Monday, August 12th. Finally, Zacks Investment Research downgraded shares of Quintana Energy Services from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $3.00.
Several institutional investors have recently bought and sold shares of QES. IHT Wealth Management LLC purchased a new stake in shares of Quintana Energy Services in the 2nd quarter valued at approximately $104,000. Dimensional Fund Advisors LP grew its stake in shares of Quintana Energy Services by 174.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 77,593 shares of the company’s stock valued at $268,000 after buying an additional 49,341 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Quintana Energy Services in the 2nd quarter valued at approximately $44,000. Susquehanna International Group LLP purchased a new stake in shares of Quintana Energy Services in the 2nd quarter valued at approximately $32,000. Finally, Royal Bank of Canada purchased a new stake in shares of Quintana Energy Services in the 2nd quarter valued at approximately $27,000. 15.94% of the stock is owned by institutional investors and hedge funds.
NYSE QES remained flat at $$1.30 on Wednesday. 7,188 shares of the company were exchanged, compared to its average volume of 21,273. The stock has a market cap of $42.21 million, a price-to-earnings ratio of -2.60 and a beta of 2.69. The business has a fifty day moving average of $1.82 and a 200 day moving average of $3.47. Quintana Energy Services has a 52 week low of $1.12 and a 52 week high of $8.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.43 and a current ratio of 1.72.
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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