Quest Resource (NASDAQ:QRHC) Earns Outperform Rating from Analysts at Northland Securities

Analysts at Northland Securities assumed coverage on shares of Quest Resource (NASDAQ:QRHC) in a research report issued on Tuesday, Briefing.com reports. The firm set an “outperform” rating and a $12.50 price target on the business services provider’s stock. Northland Securities’ price target suggests a potential upside of 44.01% from the company’s previous close.

QRHC has been the topic of a number of other reports. Craig Hallum lowered their target price on shares of Quest Resource from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. StockNews.com upgraded shares of Quest Resource from a “sell” rating to a “hold” rating in a research report on Friday, September 6th.

Quest Resource Price Performance

QRHC opened at $8.68 on Tuesday. The firm has a market cap of $175.81 million, a P/E ratio of -31.00, a PEG ratio of 2.05 and a beta of 0.65. The firm has a 50-day moving average of $8.48 and a 200 day moving average of $8.67. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.49 and a current ratio of 1.49. Quest Resource has a fifty-two week low of $6.01 and a fifty-two week high of $10.85.

Quest Resource (NASDAQ:QRHC) last issued its earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The business had revenue of $73.15 million for the quarter, compared to the consensus estimate of $76.50 million. Quest Resource had a positive return on equity of 5.61% and a negative net margin of 2.29%. On average, research analysts expect that Quest Resource will post 0.28 EPS for the current year.

Insider Activity at Quest Resource

In other Quest Resource news, COO David P. Sweitzer sold 16,047 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $8.52, for a total transaction of $136,720.44. Following the completion of the transaction, the chief operating officer now owns 8,511 shares of the company’s stock, valued at $72,513.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO David P. Sweitzer sold 16,047 shares of Quest Resource stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $8.52, for a total value of $136,720.44. Following the completion of the transaction, the chief operating officer now owns 8,511 shares of the company’s stock, valued at approximately $72,513.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO David P. Sweitzer sold 22,593 shares of Quest Resource stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $8.00, for a total value of $180,744.00. Following the completion of the transaction, the chief operating officer now directly owns 8,511 shares of the company’s stock, valued at approximately $68,088. The disclosure for this sale can be found here. Insiders have sold a total of 58,481 shares of company stock worth $484,129 over the last quarter. Corporate insiders own 22.84% of the company’s stock.

Hedge Funds Weigh In On Quest Resource

Hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. bought a new stake in shares of Quest Resource during the 1st quarter valued at about $1,287,000. Bank of New York Mellon Corp bought a new stake in shares of Quest Resource during the 2nd quarter valued at about $406,000. Rhumbline Advisers bought a new stake in shares of Quest Resource during the 2nd quarter valued at about $145,000. Russell Investments Group Ltd. grew its stake in shares of Quest Resource by 453.5% during the 1st quarter. Russell Investments Group Ltd. now owns 18,448 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 15,115 shares during the period. Finally, First Eagle Investment Management LLC grew its stake in shares of Quest Resource by 2.7% during the 1st quarter. First Eagle Investment Management LLC now owns 356,398 shares of the business services provider’s stock valued at $3,058,000 after acquiring an additional 9,490 shares during the period. Hedge funds and other institutional investors own 48.16% of the company’s stock.

About Quest Resource

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. The company provides disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes.