Quintana Energy Services Inc. (QES) Sets All-Time Low; Strong Momentum for Sellers

The stock of Quintana Energy Services Inc. (NYSE:QES) reached all time low today, Aug, 15 and still has $1.22 target or 3.00 % below today’s $1.26 share price. This indicates more downside for the $42.62M company. This technical setup was reported by Barchart.com. If the $1.22 PT is reached, the company will be worth $1.28 million 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 14.29% or $0.21 during the last trading session, reaching $1.26. About 14,728 shares traded. Quintana Energy Services Inc. (NYSE:QES) has declined 71.61% since August 15, 2018 and is downtrending. It has underperformed by 71.61% the S&P500.

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 has $7 highest and $1.7500 lowest target. $4.38’s average target is 247.62% above currents $1.26 stock price. Quintana Energy Services had 5 analyst reports since February 25, 2019 according to SRatingsIntel. On Tuesday, April 16 the stock rating was upgraded by Bank of America to “Buy”. Citigroup maintained the shares of QES in report on Wednesday, August 14 with “Neutral” rating. 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: Businesswire.com which released: “Quintana Energy Services Names Christopher J. Baker President and Chief Executive Officer – Business Wire” on August 07, 2019, also Seekingalpha.com with their article: “Quintana Energy Services, Inc. (QES) CEO Rogers Herndon on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” published on March 07, 2019, Businesswire.com published: “Quintana Energy Services Reports Fourth Quarter 2018 Results – Business Wire” on March 06, 2019. More interesting news about Quintana Energy Services Inc. (NYSE:QES) were released by: Finance.Yahoo.com and their article: “If You Had Bought Quintana Energy Services (NYSE:QES) Stock A Year Ago, You’d Be Sitting On A 74% Loss, Today – Yahoo Finance” published on July 19, 2019 as well as Seekingalpha.com‘s news article titled: “Microcaps mostly among midday movers – Seeking Alpha” with publication date: June 20, 2019.

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 $42.62 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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