PetroQuest Energy Inc. (PQ) Short Interest Down 58.3% in September
PetroQuest Energy Inc. (NYSE:PQ) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 232,946 shares, a decline of 58.3% from the August 31st total of 558,456 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 282,286 shares, the days-to-cover ratio is presently 0.8 days.
Institutional investors have recently bought and sold shares of the stock. Spark Investment Management LLC bought a new position in PetroQuest Energy during the first quarter valued at approximately $162,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of PetroQuest Energy during the second quarter worth about $376,000. Renaissance Technologies LLC boosted its stake in shares of PetroQuest Energy by 1.7% in the first quarter. Renaissance Technologies LLC now owns 629,654 shares of the energy company’s stock worth $382,000 after buying an additional 10,595 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of PetroQuest Energy during the first quarter worth about $1,208,000. Institutional investors and hedge funds own 36.01% of the company’s stock.
PQ has been the topic of a number of analyst reports. Roth Capital reaffirmed a “buy” rating on shares of PetroQuest Energy in a research report on Tuesday, July 12th. Zacks Investment Research raised PetroQuest Energy from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a research report on Thursday, July 7th. Seaport Global Securities raised PetroQuest Energy from an “accumulate” rating to a “buy” rating and lifted their target price for the stock from $4.00 to $5.00 in a research report on Friday, August 26th. Johnson Rice raised PetroQuest Energy from an “accumulate” rating to a “buy” rating in a research report on Friday, August 26th. Finally, Capital One Financial Corp. lowered PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 4th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. PetroQuest Energy has an average rating of “Hold” and an average target price of $4.59.
Shares of PetroQuest Energy (NYSE:PQ) opened at 3.91 on Friday. PetroQuest Energy has a one year low of $1.24 and a one year high of $6.04. The company has a 50-day moving average price of $2.89 and a 200 day moving average price of $2.85. The company’s market capitalization is $68.92 million.
PetroQuest Energy (NYSE:PQ) last posted its quarterly earnings results on Monday, August 1st. The energy company reported ($1.38) EPS for the quarter, missing the consensus estimate of ($0.47) by $0.91. The firm had revenue of $15.80 million for the quarter, compared to analyst estimates of $15.72 million. During the same quarter in the prior year, the company posted ($0.94) EPS. The firm’s quarterly revenue was down 51.5% compared to the same quarter last year. On average, analysts forecast that PetroQuest Energy will post ($1.67) EPS for the current fiscal year.
About PetroQuest Energy
PetroQuest Energy, Inc is an oil and gas company. The Company is engaged in exploratory, development and acquisition activities. The Company has approximately 30 gross exploratory wells and over 30 gross development wells. The Company has reserves in various areas, including East Texas, Gulf Coast Basin and Oklahoma Woodford.
Receive News & Stock Ratings for PetroQuest Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PetroQuest Energy Inc. and related stocks with our FREE daily email newsletter.