Petroquest Energy COO William Todd Zehnder Unloads 10,000 Shares (PQ)
Petroquest Energy (NYSE:PQ) COO William Todd Zehnder sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $7.00, for a total transaction of $70,000.00. Following the transaction, the chief operating officer now directly owns 351,453 shares of the company’s stock, valued at approximately $2,460,171. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Petroquest Energy (NYSE:PQ) traded up 1.13% during mid-day trading on Friday, hitting $7.15. The stock had a trading volume of 1,023,059 shares. Petroquest Energy has a 52-week low of $3.64 and a 52-week high of $7.08. The stock’s 50-day moving average is $6.17 and its 200-day moving average is $5.06. The company has a market cap of $471.8 million and a P/E ratio of 28.51.
Petroquest Energy (NYSE:PQ) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter 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.
A number of analysts have recently weighed in on PQ shares. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $6.87.
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.