Quintana Energy Services (NYSE:QES) Announces Quarterly Earnings Results

Quintana Energy Services (NYSE:QES) announced its quarterly earnings data on Thursday. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.09, Fidelity Earnings reports. The company had revenue of $121.08 million for 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 NYSE:QES traded up $0.20 on Friday, reaching $2.05. 26,135 shares of the company were exchanged, compared to its average volume of 20,447. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.30. Quintana Energy Services has a 1-year low of $1.12 and a 1-year high of $6.73. The firm has a market cap of $59.97 million, a price-to-earnings ratio of -4.10 and a beta of 2.87. The company has a 50-day moving average of $1.81 and a 200-day moving average of $2.24.

Several brokerages have issued reports on QES. Evercore ISI set a $3.00 price objective on shares of Quintana Energy Services and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine raised shares of Quintana Energy Services from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Bank of America cut shares of Quintana Energy Services from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 28th. Citigroup upped their price target on shares of Quintana Energy Services from $1.75 to $2.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. 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 equities research 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. Quintana Energy Services has an average rating of “Hold” and an average price target of $3.05.

In related news, Director Douglas J. Pauls sold 22,133 shares of the 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. Also, major shareholder Corbin J. Robertson, Jr. acquired 16,727 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $1.62 per share, for a total transaction of $27,097.74. Over the last ninety days, insiders have bought 49,790 shares of company stock worth $86,241. Corporate insiders own 29.60% of the company’s stock.

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 for Quintana Energy Services (NYSE:QES)

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