PetroQuest Energy Inc. (PQ) Trading 3.5% Higher
PetroQuest Energy Inc. (NYSE:PQ)’s share price traded up 3.5% on Wednesday . The company traded as high as $3.00 and last traded at $2.99, with a volume of 85,506 shares. The stock had previously closed at $2.89.
A number of equities analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating on shares of PetroQuest Energy in a research note on Wednesday, August 31st. Seaport Global Securities upgraded shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating and increased their price objective for the stock from $4.00 to $5.00 in a research note on Friday, August 26th. Johnson Rice upgraded shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating in a research note on Friday, August 26th. Zacks Investment Research downgraded shares of PetroQuest Energy from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Finally, Capital One Financial Corp. downgraded shares of PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 4th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $4.59.
The stock’s 50 day moving average is $2.39 and its 200 day moving average is $2.76. The stock’s market capitalization is $54.82 million.
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PetroQuest Energy (NYSE:PQ) last posted its earnings results on Monday, August 1st. The energy company reported ($1.38) EPS for the quarter, missing the consensus estimate of ($0.47) by $0.91. The firm had revenue of $15.80 million for the quarter, compared to the consensus estimate of $15.72 million. PetroQuest Energy’s quarterly revenue was down 51.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.94) earnings per share. Analysts predict that PetroQuest Energy Inc. will post ($1.18) earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Franklin Resources Inc. acquired a new stake in PetroQuest Energy during the first quarter valued at approximately $1,208,000. Spark Investment Management LLC purchased a new position in PetroQuest Energy during the first quarter valued at $162,000. Hotchkis & Wiley Capital Management LLC purchased a new position in PetroQuest Energy during the second quarter valued at $376,000. Finally, Renaissance Technologies LLC boosted its position in PetroQuest Energy by 1.7% in the first quarter. Renaissance Technologies LLC now owns 629,654 shares of the energy company’s stock valued at $382,000 after buying an additional 10,595 shares during the period. 36.01% of the stock is owned by institutional investors.
About PetroQuest Energy
PetroQuest Energy, Inc is an oil and gas company. The Company is engaged in exploratory, development and acquisition activities. The Company has approximately 30 gross exploratory wells and over 30 gross development wells. The Company has reserves in various areas, including East Texas, Gulf Coast Basin and Oklahoma Woodford.
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