Quintana Energy Services Inc (NYSE:QES) Dips To New 52 Week Low

Quintana Energy Services Inc (NYSE:QES)

May 24th, 2019

Quintana Energy Services Inc fell ($0.21) Friday, down 7.45%, closing at $2.61. As well as the drop in value, Quintana Energy Services Inc hit a new 52 week low of $2.60, breaking the previous low of $2.78 from earlier this month. Quintana Energy Services Inc swung 15.77% between low and high. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.61.

QES was outperformed by the rest of the Energy sector which went up 0.15%.

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending up. Financials saw the biggest increase of the day (0.77%), while the Consumer Staples sector saw the biggest drop (-0.40%). Real Estate has seen the biggest year-to-date gain of 18.01%.

Financials saw the biggest turn-around compared to its 5-day performance (-0.25%), as it went up by 0.77%. Utilities saw a turn-around from its 5-day performance of 1.66% trading down -0.21%.

Sector Breakdown

  • Financials, up 0.77%.
  • Materials, up 0.50%.
  • Real Estate, up 0.15%.
  • Energy, up 0.15%.
  • Consumer Discretionary, up 0.14%.
  • Healthcare, up 0.12%.
  • Industrials, up 0.05%.
  • Information Technology, up 0.05%.
  • Communication Services, up 0.01%.
  • Utilities, down -0.21%.
  • Consumer Staples, down -0.40%.

Quintana Energy Services Inc Info

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 operates through four segments: Directional Drilling, Pressure Pumping, Pressure Control, and Wireline. The Directional Drilling segment provides directional, horizontal, under balanced, and measurement-while-drilling services, as well as rental tools and support services. The Pressure Pumping segment provides hydraulic fracturing stimulation services, cementing, and acidizing services for the completion, production, and maintenance of oil and gas wells. As of December 31, 2018, this segment had a pressure pumping fleet of 267,500 hydraulic horsepower. The Pressure Control segment offers coiled tubing, rig-assisted snubbing, fluid pumping, nitrogen, well control, and other pressure control related services to support completion and workover operations. This segment had a fleet of 24 coiled tubing, 36 rig-assisted snubbing, and 24 nitrogen pumping units. The Wireline segment offers pump-down services for setting plugs between hydraulic fracturing stages, as well as the deployment of perforation equipment in connection with plug-and-perf operations. This segment also provides cased-hole production logging, injection profiling, stimulation performance evaluation, and water break-through identification services; and industrial logging services for cavern, storage, and injection wells. It owned 41 wireline units. Quintana Energy Services Inc. was founded in 2017 and is headquartered in Houston, Texas.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Quintana Energy Services Inc’s score is 1.61) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

QES daily update
QES daily update

Via UnSplash

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