Analysts at Bank of America started coverage on shares of Quintana Energy Services (NYSE:QES) in a note issued to investors on Wednesday, Marketbeat.com reports. The firm set a “neutral” rating and a $8.50 price target on the stock. Bank of America’s price objective suggests a potential upside of 23.91% from the stock’s previous close.
QES has been the topic of a number of other reports. Zacks Investment Research raised Quintana Energy Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Citigroup lowered their price target on Quintana Energy Services from $9.15 to $8.90 and set a “neutral” rating on the stock in a report on Friday, September 14th. Finally, Barclays reissued a “buy” rating and set a $10.00 price target on shares of Quintana Energy Services in a report on Saturday, August 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $11.16.
QES stock opened at $6.86 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $242.51 million and a price-to-earnings ratio of -141.00. Quintana Energy Services has a 1 year low of $6.62 and a 1 year high of $10.67.
Quintana Energy Services (NYSE:QES) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. The business had revenue of $152.54 million for the quarter, compared to analyst estimates of $149.40 million. As a group, analysts predict that Quintana Energy Services will post -0.2 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC acquired a new position in shares of Quintana Energy Services during the first quarter valued at $3,735,000. BlackRock Inc. grew its holdings in Quintana Energy Services by 32.0% during the second quarter. BlackRock Inc. now owns 312,987 shares of the company’s stock worth $2,651,000 after acquiring an additional 75,849 shares during the period. Northern Trust Corp grew its holdings in Quintana Energy Services by 15.3% during the second quarter. Northern Trust Corp now owns 71,724 shares of the company’s stock worth $608,000 after acquiring an additional 9,507 shares during the period. Citigroup Inc. acquired a new position in Quintana Energy Services during the first quarter worth about $321,000. Finally, JPMorgan Chase & Co. acquired a new position in Quintana Energy Services during the first quarter worth about $275,000. 16.98% of the stock is currently owned by institutional investors.
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.
Read More: Why do earnings reports matter?
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.