Barclays Maintains a Buy Rating on Quintana Energy Services Inc (QES)

By Jason Carr

In a report issued on August 10, David Anderson from Barclays maintained a Buy rating on Quintana Energy Services Inc (NYSE: QES), with a price target of $10. The company’s shares closed on Friday at $7.80.

According to TipRanks.com, Anderson is a 1-star analyst with an average return of -2.4% and a 41.8% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Mammoth Energy Services, and Schlumberger Limited.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Quintana Energy Services Inc with a $11.75 average price target.

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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 net profit of $2.14 million. In comparison, last year the company had a GAAP net loss of $3.11 million.

Based on the recent corporate insider activity of 20 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.