Petroquest Energy Inc to Post FY2017 Earnings of ($0.54) Per Share, Seaport Global Securities Forecasts (PQ)
Petroquest Energy Inc (NYSE:PQ) – Analysts at Seaport Global Securities raised their FY2017 EPS estimates for shares of Petroquest Energy in a research note issued to investors on Tuesday. Seaport Global Securities analyst M. Kelly now expects that the energy company will earn ($0.54) per share for the year, up from their previous forecast of ($0.70). Seaport Global Securities also issued estimates for Petroquest Energy’s Q4 2017 earnings at $0.00 EPS, Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.01 EPS and FY2018 earnings at $0.15 EPS.
Petroquest Energy (NYSE:PQ) last announced its quarterly earnings data on Wednesday, November 1st. The energy company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $28.20 million for the quarter, compared to analysts’ expectations of $26.99 million. During the same period last year, the company posted ($1.31) earnings per share. The business’s revenue for the quarter was up 64.9% compared to the same quarter last year.
Shares of Petroquest Energy (PQ) opened at $1.59 on Thursday. Petroquest Energy has a 1 year low of $1.53 and a 1 year high of $4.75. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of -1.20.
A number of institutional investors and hedge funds have recently bought and sold shares of PQ. Phoenix Investment Adviser LLC bought a new position in Petroquest Energy during the 3rd quarter valued at about $294,000. Divisar Capital Management LLC lifted its stake in Petroquest Energy by 10.9% during the 2nd 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. Bank of New York Mellon Corp lifted its stake in Petroquest Energy by 288.6% during the 2nd 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. Vanguard Group Inc. lifted its stake in Petroquest Energy by 6.6% during the 2nd 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. Finally, Oppenheimer & Co. Inc. lifted its stake in Petroquest Energy by 3.5% during the 2nd 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. Institutional investors and hedge funds own 38.04% of the company’s stock.
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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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