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Petroquest Energy (NYSE:PQ) shares reached a new 52-week high during trading on Friday , Stock Ratings News reports. The company traded as high as $7.40 and last traded at $7.40, with a volume of 460,669 shares traded. The stock had previously closed at $7.16.

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 issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.87.

The stock’s 50-day moving average is $6.33 and its 200-day moving average is $5.16. The company has a market cap of $492.1 million and a price-to-earnings ratio of 28.87.

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. Analysts expect that Petroquest Energy will post $0.61 EPS for the current fiscal year.

In other Petroquest Energy news, COO William Todd Zehnder unloaded 10,000 shares of Petroquest Energy stock on the open market in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $7.00, for a total transaction of $70,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

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