$0.14 Earnings Per Share Expected for Quintana Energy Services Inc (QES) This Quarter

Equities research analysts forecast that Quintana Energy Services Inc (NYSE:QES) will announce earnings per share (EPS) of $0.14 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Quintana Energy Services’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.18. The firm is expected to issue its next earnings results on Wednesday, August 8th.

On average, analysts expect that Quintana Energy Services will report full-year earnings of $0.15 per share for the current year. For the next financial year, analysts anticipate that the company will post earnings of $1.09 per share, with EPS estimates ranging from $0.92 to $1.34. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Quintana Energy Services.

Quintana Energy Services (NYSE:QES) last posted its quarterly earnings data on Wednesday, May 9th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.49). The business had revenue of $141.27 million for the quarter, compared to analysts’ expectations of $130.50 million.

QES has been the subject of several research reports. Zacks Investment Research upgraded shares of Quintana Energy Services from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research report on Saturday, May 12th. Piper Jaffray Companies assumed coverage on shares of Quintana Energy Services in a research report on Tuesday, March 6th. They issued an “overweight” rating and a $14.00 price objective for the company. Citigroup assumed coverage on shares of Quintana Energy Services in a research report on Wednesday, March 7th. They set a “neutral” rating and a $10.00 price target for the company. Bank of America assumed coverage on shares of Quintana Energy Services in a research report on Tuesday, March 6th. They set a “buy” rating and a $12.00 price target for the company. Finally, Stephens assumed coverage on shares of Quintana Energy Services in a research report on Tuesday, March 6th. They set an “overweight” rating and a $14.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $12.11.

Several large investors have recently modified their holdings of QES. Schwab Charles Investment Management Inc. acquired a new stake in shares of Quintana Energy Services during the 1st quarter worth approximately $100,000. Citadel Advisors LLC acquired a new stake in shares of Quintana Energy Services during the 1st quarter worth approximately $159,000. JPMorgan Chase & Co. acquired a new stake in shares of Quintana Energy Services during the 1st quarter worth approximately $275,000. Citigroup Inc. acquired a new stake in shares of Quintana Energy Services during the 1st quarter worth approximately $321,000. Finally, Dean Capital Investments Management LLC acquired a new stake in shares of Quintana Energy Services during the 1st quarter worth approximately $433,000. Institutional investors own 16.87% of the company’s stock.

QES opened at $8.79 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.99 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $286.46 million and a price-to-earnings ratio of -175.80. Quintana Energy Services has a 1-year low of $7.10 and a 1-year high of $10.67.

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. It operates through four segments: Directional Drilling Services, Pressure Pumping Services, Pressure Control Services, and Wireline Services.

Get a free copy of the Zacks research report on Quintana Energy Services (QES)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Quintana Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quintana Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply