Quintana Energy Services Inc (NYSE:QES) major shareholder Corbin J. Robertson, Jr. acquired 9,316 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $1.71 per share, with a total value of $15,930.36. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Quintana Energy Services stock traded down $0.02 during trading on Thursday, reaching $1.80. 16,225 shares of the stock traded hands, compared to its average volume of 21,089. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.72 and a quick ratio of 1.41. Quintana Energy Services Inc has a 52-week low of $1.12 and a 52-week high of $8.13. The business has a fifty day simple moving average of $1.61 and a two-hundred day simple moving average of $3.08. The company has a market capitalization of $60.31 million, a price-to-earnings ratio of -3.60 and a beta of 2.79.

Quintana Energy Services (NYSE:QES) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.20). Quintana Energy Services had a negative net margin of 4.17% and a negative return on equity of 12.31%. The business had revenue of $125.63 million during the quarter, compared to the consensus estimate of $140.30 million. On average, research analysts predict that Quintana Energy Services Inc will post -0.7 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in shares of Quintana Energy Services by 230.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,949 shares of the company’s stock valued at $27,000 after acquiring an additional 11,814 shares during the last quarter. Royal Bank of Canada bought a new position in shares of Quintana Energy Services in the 2nd quarter valued at about $27,000. Susquehanna International Group LLP bought a new position in shares of Quintana Energy Services in the 2nd quarter valued at about $32,000. Morgan Stanley lifted its holdings in shares of Quintana Energy Services by 231.1% in the 2nd quarter. Morgan Stanley now owns 21,684 shares of the company’s stock valued at $35,000 after acquiring an additional 15,134 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Quintana Energy Services in the 2nd quarter valued at about $44,000. 16.16% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on QES shares. Bank of America lowered Quintana Energy Services from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 28th. Evercore ISI set a $3.00 price objective on Quintana Energy Services and gave the company a “buy” rating in a research report on Friday, August 9th. Citigroup cut their price objective on Quintana Energy Services from $3.00 to $1.75 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. ValuEngine upgraded Quintana Energy Services from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered Quintana Energy Services from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Quintana Energy Services has an average rating of “Hold” and a consensus price target of $3.00.

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. The company operates through four segments: Directional Drilling, Pressure Pumping, Pressure Control, and Wireline.

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