Quintana Energy Services Inc Expected to Post Q4 2018 Earnings of $0.07 Per Share (QES)

Quintana Energy Services Inc (NYSE:QES) – Analysts at Capital One Financial issued their Q4 2018 earnings per share estimates for shares of Quintana Energy Services in a research report issued to clients and investors on Wednesday, November 7th. Capital One Financial analyst L. Lemoine expects that the company will earn $0.07 per share for the quarter. Capital One Financial also issued estimates for Quintana Energy Services’ Q4 2019 earnings at $0.15 EPS, FY2019 earnings at $0.61 EPS and FY2020 earnings at $0.66 EPS.

Several other research firms have also weighed in on QES. Citigroup dropped their price target on Quintana Energy Services from $9.15 to $8.90 and set a “neutral” rating on the stock in a research report on Friday, September 14th. Zacks Investment Research upgraded Quintana Energy Services from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Barclays restated a “buy” rating and set a $10.00 price target on shares of Quintana Energy Services in a research report on Saturday, August 11th. Bank of America began coverage on Quintana Energy Services in a research report on Wednesday, October 17th. They set a “neutral” rating and a $8.50 price target on the stock. Finally, ValuEngine lowered Quintana Energy Services from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $10.88.

NYSE QES opened at $6.47 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.60 and a current ratio of 1.97. Quintana Energy Services has a twelve month low of $5.36 and a twelve month high of $10.67. The company has a market cap of $226.32 million and a P/E ratio of -129.40.

Quintana Energy Services (NYSE:QES) last released its quarterly earnings results on Tuesday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.17). The company had revenue of $150.90 million during the quarter, compared to the consensus estimate of $160.50 million.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. bought a new stake in Quintana Energy Services in the first quarter worth $100,000. GSA Capital Partners LLP bought a new stake in Quintana Energy Services in the second quarter worth $120,000. Macquarie Group Ltd. bought a new stake in Quintana Energy Services in the second quarter worth $196,000. JPMorgan Chase & Co. bought a new stake in Quintana Energy Services in the first quarter worth $275,000. Finally, Northern Trust Corp bought a new stake in Quintana Energy Services in the first quarter worth $607,000. Institutional investors own 17.00% of the company’s stock.

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

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