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Analysts at Imperial Capital assumed coverage on shares of Petroquest Energy (NYSE:PQ) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set an “in-line” rating and a $8.00 price target on the stock. Imperial Capital’s target price would suggest a potential upside of 21.03% from the stock’s previous close.

Shares of Petroquest Energy (NYSE:PQ) opened at 6.61 on Friday. Petroquest Energy has a 52-week low of $3.64 and a 52-week high of $7.82. The stock has a 50-day moving average of $6.86 and a 200-day moving average of $5.5. The company has a market cap of $436.2 million and a price-to-earnings ratio of 27.54.

Petroquest Energy (NYSE:PQ) last posted its quarterly 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 $0.64 EPS for the current fiscal year.

A number of other firms have also recently commented on PQ. Analysts at Stifel Nicolaus raised their price target on shares of Petroquest Energy from $7.50 to $8.50 in a research note on Monday, June 30th. They now have a “buy” rating on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Petroquest Energy from $7.00 to $8.00 in a research note on Monday, June 30th. They now have a “buy” rating on the stock. Finally, analysts at TheStreet upgraded shares of Petroquest Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Petroquest Energy currently has an average rating of “Hold” and a consensus target price of $7.43.

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

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