Q3 2016 Earnings Forecast for PetroQuest Energy Inc. Issued By Capital One Financial Corp. (PQ)
PetroQuest Energy Inc. (NYSE:PQ) – Analysts at Capital One Financial Corp. cut their Q3 2016 earnings per share estimates for shares of PetroQuest Energy in a note issued to investors on Monday. Capital One Financial Corp. analyst R. Tullis now forecasts that the brokerage will post earnings of ($0.23) per share for the quarter, down from their previous estimate of ($0.22). Capital One Financial Corp. has a “Overweight” rating and a $5.00 price objective on the stock. Capital One Financial Corp. also issued estimates for PetroQuest Energy’s Q4 2016 earnings at ($0.23) EPS and FY2017 earnings at ($0.20) EPS.
A number of other equities analysts have also issued reports on the company. Stifel Nicolaus reissued a “hold” rating on shares of PetroQuest Energy in a report on Wednesday, August 31st. Seaport Global Securities raised PetroQuest Energy from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $4.00 to $5.00 in a report on Friday, August 26th. Johnson Rice raised 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 reaffirmed a “buy” rating on shares of PetroQuest Energy in a report on Tuesday, July 12th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $4.67.
Shares of PetroQuest Energy (NYSE:PQ) remained flat at $4.01 during trading on Wednesday. The company had a trading volume of 71,752 shares. The stock’s market capitalization is $70.68 million. The stock’s 50-day moving average is $3.07 and its 200-day moving average is $2.89. PetroQuest Energy has a 1-year low of $1.24 and a 1-year high of $5.64.
PetroQuest Energy (NYSE:PQ) last announced its earnings results on Monday, August 1st. The energy company reported ($1.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.47) by $0.91. The firm earned $15.80 million during the quarter, compared to analysts’ expectations of $15.72 million. The business’s revenue for the quarter was down 51.5% on a year-over-year basis. During the same period last year, the business posted ($0.94) EPS.
Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised 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 period. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of PetroQuest Energy during the second quarter valued at approximately $376,000. Spark Investment Management LLC purchased a new stake in shares of PetroQuest Energy during the first quarter valued at approximately $162,000. Finally, Franklin Resources Inc. purchased a new stake in shares of PetroQuest Energy during the first quarter valued at approximately $1,208,000. 36.01% of the stock is currently owned by institutional investors and hedge funds.
PetroQuest Energy Company Profile
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.
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