Quintana Energy Services (QES) Sets New 12-Month Low at $3.23

Quintana Energy Services Inc (NYSE:QES)’s share price reached a new 52-week low on Thursday . The company traded as low as $3.23 and last traded at $3.34, with a volume of 8 shares changing hands. The stock had previously closed at $3.37.

A number of equities analysts have weighed in on the stock. Barclays cut shares of Quintana Energy Services from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $7.00 to $4.50 in a research report on Tuesday, March 12th. Citigroup upped their price objective on shares of Quintana Energy Services from $4.25 to $5.50 and gave the company a “neutral” rating in a research report on Tuesday, March 12th. Zacks Investment Research cut shares of Quintana Energy Services from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Bank of America raised shares of Quintana Energy Services from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Tuesday, April 16th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $5.56.

The company has a quick ratio of 1.53, a current ratio of 1.69 and a debt-to-equity ratio of 0.30.

Quintana Energy Services (NYSE:QES) last posted its quarterly earnings data on Wednesday, March 6th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $159.65 million during the quarter, compared to analysts’ expectations of $160.65 million. Quintana Energy Services had a negative net margin of 1.77% and a negative return on equity of 5.35%. Equities research analysts forecast that Quintana Energy Services Inc will post -0.21 earnings per share for the current fiscal year.

In other news, insider Keefer Mcgovern Lehner sold 12,500 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $4.05, for a total value of $50,625.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 17,500 shares of company stock worth $74,525. Company insiders own 29.60% of the company’s stock.

Several institutional investors have recently modified their holdings of QES. Dimensional Fund Advisors LP raised 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 purchasing an additional 49,341 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Quintana Energy Services in the 1st quarter valued at about $134,000. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Quintana Energy Services by 2.6% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 874,525 shares of the company’s stock valued at $3,778,000 after purchasing an additional 22,000 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Quintana Energy Services by 1,761.0% in the 1st quarter. Wells Fargo & Company MN now owns 18,498 shares of the company’s stock valued at $80,000 after purchasing an additional 17,504 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Quintana Energy Services by 4.7% in the 3rd quarter. BlackRock Inc. now owns 327,792 shares of the company’s stock valued at $2,406,000 after purchasing an additional 14,805 shares in the last quarter. Institutional investors and hedge funds own 16.49% of the company’s stock.

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About Quintana Energy Services (NYSE:QES)

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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