Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Petroquest Energy (PQ) Stock Price
News stories about Petroquest Energy (NYSE:PQ) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Petroquest Energy earned a news impact score of 0.16 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 47.8493917232416 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Petroquest Energy (PQ) traded up $0.07 during trading on Monday, reaching $1.79. 14,500 shares of the company’s stock were exchanged, compared to its average volume of 96,713. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of -1.20. Petroquest Energy has a twelve month low of $1.59 and a twelve month high of $4.75.
Petroquest Energy (NYSE:PQ) last issued its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.02. The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $26.99 million. During the same quarter in the previous year, the company posted ($1.31) EPS. The company’s revenue for the quarter was up 64.9% compared to the same quarter last year. research analysts forecast that Petroquest Energy will post -0.65 EPS for the current year.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Petroquest Energy from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Tuesday, October 3rd. 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, July 31st. Finally, ValuEngine lowered shares of Petroquest Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $3.17.
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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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