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PetroQuest Energy (NYSE:PQ) was upgraded by investment analysts at TheStreet from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, AnalystRatings.Net reports.

The analysts wrote, “Petroquest Energy (PQ) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.”

A number of other analysts have also recently weighed in on PQ. Analysts at Sterne Agee downgraded shares of PetroQuest Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $7.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of PetroQuest Energy from $5.25 to $6.25 in a research note on Friday, April 4th. They now have a “buy” rating on the stock. Finally, analysts at FBR Capital Markets upgraded shares of PetroQuest Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, February 14th. They now have a $8.00 price target on the stock, up previously from $7.00. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. PetroQuest Energy presently has a consensus rating of “Hold” and a consensus target price of $6.87.

PetroQuest Energy (NYSE:PQ) traded down 1.93% on Thursday, hitting $6.0999. The stock had a trading volume of 622,123 shares. PetroQuest Energy has a 1-year low of $3.64 and a 1-year high of $6.40. The stock’s 50-day moving average is $5.6 and its 200-day moving average is $4.6. The company has a market cap of $390.6 million and a P/E ratio of 25.08.

PetroQuest Energy (NYSE:PQ) last announced its earnings results on Tuesday, May 6th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.05. The company had revenue of $59.97 million for the quarter, compared to the consensus estimate of $58.83 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 66.7% on a year-over-year basis. Analysts expect that PetroQuest Energy will post $0.53 EPS for the current fiscal year.

PetroQuest Energy, Inc (NYSE:PQ) is an independent oil and gas company.

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