Quintana Energy Services (NYSE:QES) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Quintana Energy Services (NYSE:QES) from a hold rating to a buy rating in a report released on Thursday morning, ValuEngine reports.

QES has been the topic of a number of other reports. 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. Bank of America reissued a buy rating and set a $3.00 price objective (down from $6.00) on shares of Quintana Energy Services in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $4.56.

Quintana Energy Services stock traded down $0.16 during mid-day trading on Thursday, reaching $1.72. 11,393 shares of the company traded hands, compared to its average volume of 22,374. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.69 and a quick ratio of 1.43. The stock’s 50 day moving average price is $1.98. The stock has a market capitalization of $58.17 million, a price-to-earnings ratio of -3.44 and a beta of 2.68. Quintana Energy Services has a 52-week low of $1.58 and a 52-week high of $8.24.

Quintana Energy Services (NYSE:QES) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.19). The company had revenue of $141.67 million for the quarter, compared to analysts’ expectations of $160.85 million. Quintana Energy Services had a negative net margin of 1.77% and a negative return on equity of 5.35%. As a group, analysts anticipate that Quintana Energy Services will post -0.51 EPS for the current fiscal year.

A hedge fund recently raised its stake in Quintana Energy Services stock. BlackRock Inc. grew its holdings in shares of Quintana Energy Services Inc (NYSE:QES) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 335,276 shares of the company’s stock after purchasing an additional 7,484 shares during the quarter. BlackRock Inc. owned approximately 1.00% of Quintana Energy Services worth $1,159,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 16.57% 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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