Capital One Financial Corp. upgraded shares of PetroQuest Energy Inc. (NYSE:PQ) from an equal weight rating to an overweight rating in a research note released on Monday morning.

A number of other research analysts have also commented on the company. Stifel Nicolaus reiterated a hold rating on shares of PetroQuest Energy in a report on Wednesday, August 31st. Seaport Global Securities upgraded PetroQuest Energy from an accumulate rating to a buy rating and upped their price target for the stock from $4.00 to $5.00 in a report on Friday, August 26th. Johnson Rice upgraded PetroQuest Energy from an accumulate rating to a buy rating in a report on Friday, August 26th. Zacks Investment Research lowered PetroQuest Energy from a buy rating to a hold rating in a report on Saturday, August 6th. Finally, Roth Capital reiterated a buy rating on shares of PetroQuest Energy in a report on Tuesday, July 12th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $4.59.

Shares of PetroQuest Energy (NYSE:PQ) traded down 2.92% during trading on Monday, hitting $3.99. 36,633 shares of the stock traded hands. The firm’s 50-day moving average price is $3.01 and its 200-day moving average price is $2.88. The company’s market cap is $70.33 million. PetroQuest Energy has a 52 week low of $1.24 and a 52 week high of $5.64.

PetroQuest Energy (NYSE:PQ) last posted its earnings results on Monday, August 1st. The energy company reported ($1.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by $0.91. The company earned $15.80 million during the quarter, compared to analysts’ expectations of $15.72 million. During the same period in the prior year, the business posted ($0.94) EPS. The business’s revenue was down 51.5% on a year-over-year basis. On average, equities research analysts anticipate that PetroQuest Energy will post ($1.67) earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. acquired a new stake in shares of PetroQuest Energy during the first quarter valued at approximately $1,208,000. 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 valued at $382,000 after buying an additional 10,595 shares during the last quarter. Spark Investment Management LLC acquired a new stake in shares of PetroQuest Energy during the first quarter valued at approximately $162,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of PetroQuest Energy during the second quarter valued at approximately $376,000. Institutional investors own 36.01% of the company’s stock.

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.

5 Day Chart for NYSE:PQ

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