PetroQuest Energy Inc. (PQ) Receives Average Rating of “Buy” from Analysts
Shares of PetroQuest Energy Inc. (NYSE:PQ) have been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the company. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $5.00.
Several research firms have issued reports on PQ. Zacks Investment Research cut PetroQuest Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. Capital One Financial Corp. cut PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 4th. Stifel Nicolaus reaffirmed 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 upped their price target for the company from $4.00 to $5.00 in a report on Friday, August 26th. Finally, Johnson Rice raised PetroQuest Energy from an “accumulate” rating to a “buy” rating in a report on Friday, August 26th.
Institutional investors have recently bought and sold shares of the stock. Phoenix Investment Adviser LLC bought a new position in PetroQuest Energy during the third quarter valued at approximately $286,000. Penn Capital Management Co. Inc. bought a new position in PetroQuest Energy during the third quarter valued at approximately $312,000. Hotchkis & Wiley Capital Management LLC bought a new position in PetroQuest Energy during the second quarter valued at approximately $376,000. BlackRock Institutional Trust Company N.A. boosted its position in PetroQuest Energy by 2.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 412,926 shares of the energy company’s stock valued at $1,429,000 after buying an additional 10,248 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in PetroQuest Energy by 35.7% in the third quarter. Oppenheimer & Co. Inc. now owns 769,025 shares of the energy company’s stock valued at $2,661,000 after buying an additional 202,196 shares in the last quarter. Institutional investors and hedge funds own 37.01% of the company’s stock.
Shares of PetroQuest Energy (NYSE:PQ) traded up 3.420% on Wednesday, hitting $3.568. The company had a trading volume of 47,980 shares. PetroQuest Energy has a 12-month low of $1.24 and a 12-month high of $4.28. The company’s market cap is $75.60 million. The company has a 50 day moving average of $3.64 and a 200-day moving average of $3.07.
PetroQuest Energy (NYSE:PQ) last posted its quarterly earnings results on Monday, October 31st. The energy company reported ($1.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.96. The business earned $17.10 million during the quarter, compared to the consensus estimate of $15.40 million. The business’s quarterly revenue was down 36.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.80) earnings per share. On average, analysts forecast that PetroQuest Energy will post ($2.01) earnings per share for the current year.
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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