Insider Selling: James Bond Clement Sells 4,000 Shares of Petroquest Energy Stock (PQ)
Petroquest Energy (NYSE:PQ) CFO James Bond Clement sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $7.00, for a total value of $28,000.00. Following the completion of the sale, the chief financial officer now directly owns 288,028 shares of the company’s stock, valued at approximately $2,016,196. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on PQ. Analysts at TheStreet upgraded shares of Petroquest Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Separately, analysts at Sterne Agee downgraded shares of Petroquest Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $7.00 price target on the stock. Finally, 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.87.
Petroquest Energy (NYSE:PQ) traded up 5.08% during mid-day trading on Wednesday, hitting $7.03. The stock had a trading volume of 1,102,988 shares. Petroquest Energy has a one year low of $3.64 and a one year high of $7.03. The stock has a 50-day moving average of $6.14 and a 200-day moving average of $5.04. The company has a market cap of $463.9 million and a P/E ratio of 26.98.
Petroquest Energy (NYSE:PQ) last issued its quarterly earnings data 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. On average, analysts predict that Petroquest Energy will post $0.61 earnings per share for the current fiscal year.
PetroQuest Energy, Inc (NYSE:PQ) is an independent oil and gas company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.