Quintana Energy Services Inc (QES) Expected to Announce Earnings of $0.11 Per Share
Brokerages expect that Quintana Energy Services Inc (NYSE:QES) will announce $0.11 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Quintana Energy Services’ earnings. The firm is expected to announce its next earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Quintana Energy Services will report full-year earnings of ($0.20) per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $0.16 per share, with EPS estimates ranging from ($0.46) to $0.77. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Quintana Energy Services.
Quintana Energy Services (NYSE:QES) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.06. The business had revenue of $152.54 million during the quarter, compared to analysts’ expectations of $149.40 million.
Shares of NYSE:QES remained flat at $$7.48 on Friday. The company’s stock had a trading volume of 5,907 shares, compared to its average volume of 59,122. Quintana Energy Services has a 1 year low of $6.62 and a 1 year high of $10.67. The stock has a market cap of $242.51 million and a PE ratio of -149.60. The company has a current ratio of 1.97, a quick ratio of 1.60 and a debt-to-equity ratio of 0.17.
Institutional investors have recently made changes to their positions in the company. Northern Trust Corp bought a new position in shares of Quintana Energy Services during the 1st quarter valued at about $607,000. JPMorgan Chase & Co. bought a new position in shares of Quintana Energy Services during the 1st quarter valued at about $275,000. Centenus Global Management LP bought a new position in shares of Quintana Energy Services during the 1st quarter valued at about $2,174,000. BlackRock Inc. bought a new position in shares of Quintana Energy Services during the 1st quarter valued at about $2,312,000. Finally, Melqart Asset Management UK Ltd bought a new position in shares of Quintana Energy Services during the 1st quarter valued at about $30,503,000. Hedge funds and other institutional investors own 16.98% 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.
Featured Article: How to Track your Portfolio in Google Finance
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Quintana Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quintana Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.