$161.45 Million in Sales Expected for Quintana Energy Services Inc (NYSE:QES) This Quarter

Analysts predict that Quintana Energy Services Inc (NYSE:QES) will report $161.45 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Quintana Energy Services’ earnings, with the highest sales estimate coming in at $182.60 million and the lowest estimate coming in at $140.30 million. Quintana Energy Services posted sales of $152.54 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.8%. The company is scheduled to issue its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Quintana Energy Services will report full-year sales of $657.45 million for the current fiscal year, with estimates ranging from $583.60 million to $731.30 million. For the next financial year, analysts expect that the company will post sales of $703.55 million, with estimates ranging from $662.30 million to $744.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Quintana Energy Services.

Quintana Energy Services (NYSE:QES) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.19). The company had revenue of $141.67 million for the quarter, compared to analysts’ expectations of $160.85 million. Quintana Energy Services had a negative return on equity of 5.35% and a negative net margin of 1.77%.

A number of brokerages have recently commented on QES. Barclays downgraded Quintana Energy Services from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $7.00 to $4.50 in a research report on Tuesday, March 12th. Citigroup lifted their price objective on Quintana Energy Services from $4.25 to $5.50 and gave the company a “neutral” rating in a research report on Tuesday, March 12th. Zacks Investment Research raised Quintana Energy Services from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research report on Wednesday, May 1st. Finally, Bank of America raised Quintana Energy Services from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Tuesday, April 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $4.56.

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in Quintana Energy Services by 174.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 77,593 shares of the company’s stock valued at $268,000 after purchasing an additional 49,341 shares during the last quarter. Stephens Inc. AR purchased a new position in Quintana Energy Services in the fourth quarter valued at about $35,000. Finally, BlackRock Inc. grew its stake in Quintana Energy Services by 2.3% in the fourth quarter. BlackRock Inc. now owns 335,276 shares of the company’s stock valued at $1,159,000 after purchasing an additional 7,484 shares during the last quarter. 16.57% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:QES opened at $1.61 on Friday. The stock has a market capitalization of $60.54 million, a P/E ratio of -3.22 and a beta of 3.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.43 and a current ratio of 1.69. Quintana Energy Services has a 52 week low of $1.60 and a 52 week high of $8.89. The firm has a fifty day simple moving average of $2.63.

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.

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Earnings History and Estimates for Quintana Energy Services (NYSE:QES)

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