Quintana Energy Services (NYSE:QES) Releases Earnings Results, Beats Expectations By $0.09 EPS

Quintana Energy Services (NYSE:QES) announced its earnings results on Thursday. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.09, Fidelity Earnings reports. The company had revenue of $121.08 million during the quarter, compared to analysts’ expectations of $127.90 million. Quintana Energy Services had a negative net margin of 4.17% and a negative return on equity of 12.31%.

Shares of Quintana Energy Services stock traded up $0.20 during trading on Friday, reaching $2.05. The company’s stock had a trading volume of 26,135 shares, compared to its average volume of 20,447. The business’s 50-day moving average price is $1.81 and its 200-day moving average price is $2.24. The firm has a market cap of $59.97 million, a PE ratio of -4.10 and a beta of 2.87. Quintana Energy Services has a 52 week low of $1.12 and a 52 week high of $6.73. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.30.

A number of brokerages have recently issued reports on QES. ValuEngine raised shares of Quintana Energy Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Barclays set a $2.00 target price on shares of Quintana Energy Services and gave the company a “hold” rating in a research report on Monday, August 12th. Evercore ISI set a $3.00 target price on shares of Quintana Energy Services and gave the company a “buy” rating in a research report on Friday, August 9th. Bank of America cut shares of Quintana Energy Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 28th. Finally, Citigroup boosted their target price on shares of Quintana Energy Services from $1.75 to $2.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Quintana Energy Services has an average rating of “Hold” and a consensus price target of $3.05.

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In related news, major shareholder Corbin J. Robertson, Jr. purchased 16,727 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of $1.62 per share, with a total value of $27,097.74. Also, Director Douglas J. Pauls sold 22,133 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $34.16, for a total value of $756,063.28. In the last three months, insiders bought 49,790 shares of company stock valued at $86,241. 29.60% of the stock is currently owned by company insiders.

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.

See Also: Net Asset Value

Earnings History for Quintana Energy Services (NYSE:QES)

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