What’s in Quintana Energy Services Inc. (QES) After Achieving All-Time Low?

The stock of Quintana Energy Services Inc. (NYSE:QES) reached all time low today, Jun, 12 and still has $1.86 target or 6.00 % below today’s $1.98 share price. This indicates more downside for the $66.97 million company. This technical setup was reported by Barchart.com. If the $1.86 PT is reached, the company will be worth $4.02M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 8.33% or $0.18 during the last trading session, reaching $1.98. About 41,577 shares traded or 147.33% up from the average. Quintana Energy Services Inc. (NYSE:QES) has declined 62.22% since June 12, 2018 and is downtrending. It has underperformed by 66.65% the S&P500.

Analysts await Quintana Energy Services Inc. (NYSE:QES) to report earnings on August, 14. They expect $-0.06 earnings per share, down 200.00 % or $0.12 from last year’s $0.06 per share. After $-0.26 actual earnings per share reported by Quintana Energy Services Inc. for the previous quarter, Wall Street now forecasts -76.92 % EPS growth.

Quintana Energy Services Inc. (NYSE:QES) Ratings Coverage

Among 2 analysts covering Quintana Energy Services (NYSE:QES), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Quintana Energy Services had 4 analyst reports since February 25, 2019 according to SRatingsIntel. The rating was upgraded by Bank of America to “Buy” on Tuesday, April 16. Citigroup maintained Quintana Energy Services Inc. (NYSE:QES) on Tuesday, March 12 with “Neutral” rating.

More notable recent Quintana Energy Services Inc. (NYSE:QES) news were published by: Seekingalpha.com which released: “Quintana Energy Services, Inc. (QES) CEO Rogers Herndon on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on November 11, 2018, also Businesswire.com with their article: “Quintana Energy Services Announces the Addition of Bobby S. Shackouls to Its Board of Directors – Business Wire” published on January 09, 2019, Streetinsider.com published: “Form S-1/A DOCUSIGN INC – StreetInsider.com” on April 25, 2018. More interesting news about Quintana Energy Services Inc. (NYSE:QES) were released by: Fool.com and their article: “143 Million Americans May Be at Risk of Identity Theft Due to Equifax’s Data Breach. Here’s What to Do Now – The Motley Fool” published on September 08, 2017 as well as Prnewswire.com‘s news article titled: “Quintana Energy Services Inc. Prices Initial Public Offering – PR Newswire” with publication date: February 08, 2018.

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 has market cap of $66.97 million. It operates through four divisions: Directional Drilling Services, Pressure Control Services, Pressure Pumping Services, and Wireline Services. It currently has negative earnings. The Directional Drilling Services segment provides directional, horizontal, underbalanced, and measurement-while-drilling, as well as rental tool and pipe inspection services.

Quintana Energy Services Inc. (NYSE:QES) Ratings Chart

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