Quintana Energy Services Inc. (QES) Can’t Burn Your Short Portfolio. Just Reaches All-Time Low

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. The stock has “Neutral” rating by Citigroup on Tuesday, March 12. The stock has “Neutral” rating by Citigroup on Wednesday, August 14. The stock of Quintana Energy Services Inc. (NYSE:QES) has “Buy” rating given on Tuesday, April 16 by Bank of America.

More notable recent Quintana Energy Services Inc. (NYSE:QES) news were published by: Finance.Yahoo.com which released: “If You Had Bought Quintana Energy Services (NYSE:QES) Stock A Year Ago, You’d Be Sitting On A 74% Loss, Today – Yahoo Finance” on July 19, 2019, also Bizjournals.com with their article: “Quintana Energy, Cactus Inc. price IPOs, IPSCO Tubulars Inc. delays IPO – Houston Business Journal” published on February 16, 2018, Seekingalpha.com published: “Stocks To Watch: Meet The New Ford – Seeking Alpha” on August 04, 2018. More interesting news about Quintana Energy Services Inc. (NYSE:QES) were released by: Seekingalpha.com and their article: “Quintana Energy Services: Worth A Small Gamble? – Seeking Alpha” published on February 09, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Afternoon Market Update: Ameri Holdings Drops After FY18 Results; Bed Bath & Beyond Shares Jump – Nasdaq” with publication date: March 26, 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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