IHT Wealth Management LLC bought a new position in Quintana Energy Services Inc (NYSE:QES) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 64,565 shares of the company’s stock, valued at approximately $104,000.
Shares of QES stock opened at $1.84 on Wednesday. The business has a 50-day moving average of $1.61 and a 200 day moving average of $3.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.72 and a quick ratio of 1.41. Quintana Energy Services Inc has a 1-year low of $1.12 and a 1-year high of $8.13. The stock has a market capitalization of $55.62 million, a PE ratio of -3.68 and a beta of 2.79.
Quintana Energy Services (NYSE:QES) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.20). Quintana Energy Services had a negative return on equity of 12.31% and a negative net margin of 4.17%. The company had revenue of $125.63 million during the quarter, compared to analysts’ expectations of $140.30 million. Analysts anticipate that Quintana Energy Services Inc will post -0.7 EPS for the current year.
QES has been the subject of a number of recent research reports. Bank of America lowered shares of Quintana Energy Services from a “buy” rating to a “neutral” rating in a report on Wednesday, August 28th. Citigroup reduced their target price on shares of Quintana Energy Services from $3.00 to $1.75 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Zacks Investment Research lowered shares of Quintana Energy Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 29th. Evercore ISI set a $3.00 target price on shares of Quintana Energy Services and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Barclays set a $2.00 price target on shares of Quintana Energy Services and gave the stock a “hold” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Quintana Energy Services currently has an average rating of “Hold” and an average price target of $3.00.
In related news, major shareholder Corbin J. Robertson, Jr. acquired 16,727 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of $1.62 per share, with a total value of $27,097.74. In the last three months, insiders have bought 22,527 shares of company stock valued at $36,188. Insiders own 29.60% of the company’s stock.
Quintana Energy Services 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. The company operates through four segments: Directional Drilling, Pressure Pumping, Pressure Control, and Wireline.
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