In a report released today, Scott Gruber from Citigroup maintained a Hold rating on Quintana Energy Services Inc (QES), with a price target of $2. The company’s shares closed last Monday at $1.75, close to its 52-week low of $1.12.
According to TipRanks.com, Gruber ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.6% and a 39.8% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Diamond Offshore Drilling, and Oceaneering International.
Quintana Energy Services Inc has an analyst consensus of Moderate Buy, with a price target consensus of $2.
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Based on Quintana Energy Services Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $11.28 million. In comparison, last year the company had a net profit of $2.14 million.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of QES in relation to earlier this year.
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Quintana Energy Services, Inc. engages in the provision of diversified oilfield services to onshore oil and natural exploration and production companies. It operates through the following business segments: Directional Drilling Services, Pressure Pumping Services, Pressure Control Services, and Wireline Services.
