Quintana Energy Services Inc (NYSE:QES) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 83,700 shares, a decrease of 7.3% from the September 30th total of 90,300 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 17,400 shares, the short-interest ratio is presently 4.8 days.
Shares of NYSE:QES traded down $0.16 on Monday, reaching $1.89. 14,554 shares of the company traded hands, compared to its average volume of 20,148. Quintana Energy Services has a fifty-two week low of $1.12 and a fifty-two week high of $6.48. The company’s 50 day moving average is $1.82 and its 200-day moving average is $2.16. The stock has a market capitalization of $69.25 million, a PE ratio of -3.78 and a beta of 2.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.41.
Quintana Energy Services (NYSE:QES) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.09. Quintana Energy Services had a negative return on equity of 15.98% and a negative net margin of 12.62%. The company had revenue of $121.08 million during the quarter, compared to the consensus estimate of $127.90 million. As a group, analysts expect that Quintana Energy Services will post -1.13 EPS for the current year.
A number of equities research analysts have weighed in on QES shares. Evercore ISI set a $3.00 target price on Quintana Energy Services and gave the stock a “buy” rating in a research report on Friday, August 9th. Bank of America downgraded Quintana Energy Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 28th. Citigroup upped their target price on Quintana Energy Services from $1.75 to $2.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Zacks Investment Research upgraded Quintana Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, ValuEngine upgraded Quintana Energy Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $3.05.
In other Quintana Energy Services news, Director Douglas J. Pauls sold 22,133 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $34.16, for a total value of $756,063.28. Also, major shareholder Corbin J. Robertson, Jr. bought 16,727 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $1.62 per share, with a total value of $27,097.74. Insiders acquired 49,790 shares of company stock valued at $86,241 over the last 90 days. 29.60% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. IHT Wealth Management LLC acquired a new stake in shares of Quintana Energy Services during the 2nd quarter valued at $104,000. Paloma Partners Management Co acquired a new stake in Quintana Energy Services during the 2nd quarter valued at $44,000. Tower Research Capital LLC TRC raised its stake in Quintana Energy Services by 230.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 16,949 shares of the company’s stock valued at $27,000 after purchasing an additional 11,814 shares during the period. Royal Bank of Canada acquired a new stake in Quintana Energy Services during the 2nd quarter valued at $27,000. Finally, Susquehanna International Group LLP acquired a new stake in Quintana Energy Services during the 2nd quarter valued at $32,000. Institutional investors own 16.09% 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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