Quintana Energy Services (NYSE:QES) had its price objective lowered by Citigroup from $8.90 to $7.00 in a research note released on Monday. The brokerage currently has a neutral rating on the stock.

Several other research firms have also recently commented on QES. Zacks Investment Research raised shares of Quintana Energy Services from a sell rating to a hold rating in a research note on Thursday, September 20th. Barclays reissued a buy rating and set a $10.00 price target on shares of Quintana Energy Services in a research note on Saturday, August 11th. Bank of America began coverage on shares of Quintana Energy Services in a research note on Wednesday, October 17th. They set a neutral rating and a $8.50 price target on the stock. Finally, ValuEngine cut shares of Quintana Energy Services from a hold rating to a sell rating in a research note on Friday, October 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Quintana Energy Services presently has an average rating of Buy and a consensus target price of $10.61.

QES opened at $6.18 on Monday. Quintana Energy Services has a one year low of $5.36 and a one year high of $10.67. The company has a current ratio of 1.95, a quick ratio of 1.60 and a debt-to-equity ratio of 0.17. The company has a market cap of $205.51 million and a PE ratio of -123.60.

Quintana Energy Services (NYSE:QES) last released its quarterly earnings results on Tuesday, November 6th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.17). Quintana Energy Services had a negative net margin of 2.25% and a negative return on equity of 7.57%. The company had revenue of $150.90 million for the quarter, compared to the consensus estimate of $160.50 million. As a group, equities analysts anticipate that Quintana Energy Services will post -0.19 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in QES. GSA Capital Partners LLP bought a new position in Quintana Energy Services in the second quarter valued at approximately $120,000. Bridgeway Capital Management Inc. bought a new position in Quintana Energy Services in the third quarter valued at approximately $189,000. Macquarie Group Ltd. bought a new position in Quintana Energy Services in the second quarter valued at approximately $196,000. Dimensional Fund Advisors LP bought a new position in Quintana Energy Services in the third quarter valued at approximately $207,000. Finally, JPMorgan Chase & Co. bought a new position in Quintana Energy Services in the first quarter valued at approximately $275,000. 16.96% of the stock is currently owned by hedge funds and other institutional investors.

Quintana Energy Services Company 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. It operates through four segments: Directional Drilling Services, Pressure Pumping Services, Pressure Control Services, and Wireline Services.

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Analyst Recommendations for Quintana Energy Services (NYSE:QES)

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