Analysts expect Quintana Energy Services Inc (NYSE:QES) to announce earnings per share of $0.07 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Quintana Energy Services’ earnings. The highest EPS estimate is $0.07 and the lowest is $0.06. The business is expected to issue its next quarterly earnings report on Wednesday, March 27th.
On average, analysts expect that Quintana Energy Services will report full-year earnings of ($0.14) per share for the current year, with EPS estimates ranging from ($0.20) to ($0.07). For the next year, analysts forecast that the business will post earnings of $0.29 per share, with EPS estimates ranging from ($0.46) to $0.77. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Quintana Energy Services.
Quintana Energy Services (NYSE:QES) last posted its quarterly earnings results on Tuesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.17). The business had revenue of $150.90 million during the quarter, compared to analysts’ expectations of $160.50 million.
A number of research firms have weighed in on QES. Barclays restated a “buy” rating and issued a $10.00 price target on shares of Quintana Energy Services in a research note on Saturday, August 11th. Zacks Investment Research upgraded Quintana Energy Services from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. ValuEngine downgraded Quintana Energy Services from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Bank of America began coverage on Quintana Energy Services in a research note on Wednesday, October 17th. They set a “neutral” rating and a $8.50 target price for the company. Finally, Citigroup reduced their target price on Quintana Energy Services from $9.15 to $8.90 and set a “neutral” rating for the company in a research note on Friday, September 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $10.88.
Several hedge funds and other institutional investors have recently modified their holdings of QES. Millennium Management LLC bought a new position in shares of Quintana Energy Services during the 1st quarter worth approximately $3,735,000. BlackRock Inc. bought a new position in shares of Quintana Energy Services during the 1st quarter worth approximately $2,312,000. Northern Trust Corp bought a new position in shares of Quintana Energy Services during the 1st quarter worth approximately $607,000. JPMorgan Chase & Co. bought a new position in shares of Quintana Energy Services during the 1st quarter worth approximately $275,000. Finally, Macquarie Group Ltd. bought a new position in shares of Quintana Energy Services during the 2nd quarter worth approximately $196,000. Institutional investors own 17.00% of the company’s stock.
QES stock traded down $0.03 during mid-day trading on Friday, reaching $6.47. The company had a trading volume of 9,355 shares, compared to its average volume of 53,692. The company has a quick ratio of 1.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.17. The company has a market cap of $226.32 million and a price-to-earnings ratio of -129.40. Quintana Energy Services has a 52 week low of $5.36 and a 52 week high of $10.67.
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. It operates through four segments: Directional Drilling Services, Pressure Pumping Services, Pressure Control Services, and Wireline Services.
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