Zacks Investment Research upgraded shares of Petroquest Energy Inc (NYSE:PQ) from a hold rating to a buy rating in a research note released on Tuesday. They currently have $2.50 target price on the energy company’s stock.

According to Zacks, “PetroQuest Energy, Inc. is an oil and gas exploration and production company primarily focused on growing its reserves and shareholder value through a combination of drilling development locations and high potential exploration prospects along and in the Gulf of Mexico. “

Other equities research analysts have also issued research reports about the stock. Roth Capital set a $5.00 price target on shares of Petroquest Energy and gave the company a buy rating in a research note on Monday, August 14th. Capital One Financial Corporation lowered shares of Petroquest Energy from an overweight rating to an equal weight rating in a research note on Wednesday, June 21st. Seaport Global Securities lowered shares of Petroquest Energy from a buy rating to a neutral rating and dropped their price target for the company from $6.00 to $2.00 in a research note on Wednesday, June 21st. Finally, ValuEngine upgraded shares of Petroquest Energy from a strong sell rating to a sell rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $3.63.

Petroquest Energy (NYSE PQ) opened at 2.17 on Tuesday. The company has a 50-day moving average price of $2.03 and a 200 day moving average price of $2.19. Petroquest Energy has a 12 month low of $1.66 and a 12 month high of $4.75. The firm’s market cap is $46.13 million.

Petroquest Energy (NYSE:PQ) last released its quarterly earnings data on Wednesday, August 2nd. The energy company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.05. The business had revenue of $24.25 million for the quarter, compared to analyst estimates of $23.38 million. Petroquest Energy’s revenue was up 53.3% compared to the same quarter last year. During the same quarter last year, the company earned ($1.38) EPS. Equities research analysts anticipate that Petroquest Energy will post ($0.68) EPS for the current year.

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Large investors have recently made changes to their positions in the business. Divisar Capital Management LLC increased its stake in shares of Petroquest Energy by 10.9% during the second quarter. Divisar Capital Management LLC now owns 1,167,162 shares of the energy company’s stock valued at $2,311,000 after acquiring an additional 114,271 shares during the period. Vanguard Group Inc. increased its stake in shares of Petroquest Energy by 6.6% during the second quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock valued at $1,280,000 after acquiring an additional 40,059 shares during the period. Northern Trust Corp increased its stake in shares of Petroquest Energy by 2.9% during the second quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock valued at $111,000 after acquiring an additional 1,598 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Petroquest Energy by 3.5% during the second quarter. Oppenheimer & Co. Inc. now owns 1,101,609 shares of the energy company’s stock valued at $2,181,000 after acquiring an additional 37,584 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Petroquest Energy by 288.6% during the second quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock valued at $111,000 after acquiring an additional 41,754 shares during the period. Institutional investors own 37.48% 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.

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