Brokerages Expect Quintana Energy Services Inc (NYSE:QES) to Announce -$0.13 Earnings Per Share

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Equities analysts predict that Quintana Energy Services Inc (NYSE:QES) will announce earnings per share of ($0.13) for the current quarter, according to Zacks. Two analysts have issued estimates for Quintana Energy Services’ earnings, with the lowest EPS estimate coming in at ($0.15) and the highest estimate coming in at ($0.11). Quintana Energy Services reported earnings of $0.06 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 316.7%. The firm is expected to report its next earnings results after the market closes on Wednesday, August 7th.

On average, analysts expect that Quintana Energy Services will report full-year earnings of ($0.51) per share for the current fiscal year, with EPS estimates ranging from ($0.79) to ($0.24). For the next fiscal year, analysts expect that the firm will report earnings of ($0.09) per share, with EPS estimates ranging from ($0.74) to $0.50. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Quintana Energy Services.

Quintana Energy Services (NYSE:QES) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.19). Quintana Energy Services had a negative return on equity of 5.35% and a negative net margin of 1.77%. The company had revenue of $141.67 million for the quarter, compared to analysts’ expectations of $160.85 million.

Several brokerages have recently issued reports on QES. Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Bank of America restated an “underperform” rating and set a $1.25 price target (down previously from $4.50) on shares of Superior Energy Services in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $4.56.

Shares of QES stock opened at $2.02 on Friday. The business’s 50 day moving average is $2.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.43 and a current ratio of 1.69. Quintana Energy Services has a 12-month low of $1.58 and a 12-month high of $8.24. The stock has a market cap of $66.63 million, a price-to-earnings ratio of -4.04 and a beta of 2.66.

An institutional investor recently raised its position in Quintana Energy Services stock. Dimensional Fund Advisors LP grew its position in shares of Quintana Energy Services Inc (NYSE:QES) by 174.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,593 shares of the company’s stock after purchasing an additional 49,341 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.23% of Quintana Energy Services worth $268,000 as of its most recent SEC filing. 16.57% of the stock is owned by institutional investors and hedge funds.

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

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