A number of other brokerages also recently weighed in on QES. Citigroup lowered their price target on Quintana Energy Services from $8.90 to $7.00 and set a “neutral” rating for the company in a report on Monday, November 19th. Zacks Investment Research upgraded Quintana Energy Services from a “sell” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Capital One Financial downgraded Quintana Energy Services from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 16th. Six equities research analysts have rated the stock with a hold rating, Quintana Energy Services currently has an average rating of “Hold” and a consensus price target of $7.06.
Quintana Energy Services (NYSE:QES) was downgraded by Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $4.50 price target on the stock, down from their previous price target of $7.00. Barclays‘s price target would suggest a potential downside of 4.86% from the company’s previous close.
Shares of NYSE QES opened at $4.73 on Tuesday. Quintana Energy Services has a twelve month low of $3.25 and a twelve month high of $10.67. The company has a quick ratio of 1.60, a current ratio of 1.95 and a debt-to-equity ratio of 0.17.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in Quintana Energy Services by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 90,184 shares of the company’s stock worth $312,000 after buying an additional 1,967 shares during the last quarter. Vanguard Group Inc grew its stake in Quintana Energy Services by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 436,039 shares of the company’s stock worth $3,200,000 after buying an additional 4,495 shares during the last quarter. BlackRock Inc. grew its stake in Quintana Energy Services by 2.3% during the 4th quarter. BlackRock Inc. now owns 335,276 shares of the company’s stock worth $1,159,000 after buying an additional 7,484 shares during the last quarter. Northern Trust Corp grew its stake in Quintana Energy Services by 15.3% during the 2nd quarter. Northern Trust Corp now owns 71,724 shares of the company’s stock worth $608,000 after buying an additional 9,507 shares during the last quarter. Finally, Strs Ohio grew its stake in Quintana Energy Services by 105.4% during the 4th quarter. Strs Ohio now owns 19,800 shares of the company’s stock worth $68,000 after buying an additional 10,162 shares during the last quarter. Hedge funds and other institutional investors own 16.97% 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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