Zacks: Brokerages Anticipate Quintana Energy Services Inc (QES) to Announce -$0.02 Earnings Per Share

Brokerages expect Quintana Energy Services Inc (NYSE:QES) to announce earnings per share (EPS) of ($0.02) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Quintana Energy Services’ earnings. The lowest EPS estimate is ($0.11) and the highest is $0.07. The company is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, March 6th.

According to Zacks, analysts expect that Quintana Energy Services will report full-year earnings of ($0.45) per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of ($0.08) per share, with EPS estimates ranging from ($0.75) to $0.61. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Quintana Energy Services.

Several brokerages recently issued reports on QES. Capital One Financial lowered shares of Quintana Energy Services from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 16th. Citigroup dropped their price objective on shares of Quintana Energy Services from $8.90 to $7.00 and set a “neutral” rating on the stock in a research note on Monday, November 19th. ValuEngine upgraded shares of Quintana Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research downgraded shares of Quintana Energy Services from a “hold” rating to a “sell” rating in a report on Wednesday, December 19th. Finally, Barclays set a $8.00 price objective on shares of Quintana Energy Services and gave the stock a “buy” rating in a report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $10.61.

NYSE QES traded up $0.02 on Friday, hitting $4.87. The company’s stock had a trading volume of 14,159 shares, compared to its average volume of 10,266. Quintana Energy Services has a 1-year low of $3.25 and a 1-year high of $10.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.60 and a current ratio of 1.95. The stock has a market cap of $169.27 million and a P/E ratio of -97.40.

Several hedge funds have recently made changes to their positions in QES. BlackRock Inc. boosted its holdings in shares of Quintana Energy Services by 32.0% during the 2nd quarter. BlackRock Inc. now owns 312,987 shares of the company’s stock valued at $2,651,000 after buying an additional 75,849 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Quintana Energy Services by 174.6% during the 4th 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. Bridgeway Capital Management Inc. purchased a new stake in shares of Quintana Energy Services during the 3rd quarter valued at about $189,000. Stephens Inc. AR purchased a new stake in shares of Quintana Energy Services during the 4th quarter valued at about $35,000. Finally, Strs Ohio increased its holdings in Quintana Energy Services by 105.4% in the 4th quarter. Strs Ohio now owns 19,800 shares of the company’s stock worth $68,000 after acquiring an additional 10,162 shares in the last quarter. Hedge funds and other institutional investors own 16.85% 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. It operates through four segments: Directional Drilling Services, Pressure Pumping Services, Pressure Control Services, and Wireline Services.

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