Capital One Financial Corp. Upgrades PetroQuest Energy Inc. (PQ) to Overweight
PetroQuest Energy Inc. (NYSE:PQ) was upgraded by research analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday.
PQ has been the subject of a number of other research reports. Johnson Rice upgraded shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating in a research report on Friday, August 26th. Seaport Global Securities upgraded shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $4.00 to $5.00 in a research report on Friday, August 26th. Stifel Nicolaus restated a “hold” rating on shares of PetroQuest Energy in a research report on Wednesday, August 31st. Roth Capital restated a “buy” rating on shares of PetroQuest Energy in a research report on Tuesday, July 12th. Finally, Zacks Investment Research downgraded shares of PetroQuest Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.59.
Shares of PetroQuest Energy (NYSE:PQ) opened at 3.66 on Monday. The company’s market cap is $64.51 million. PetroQuest Energy has a 52 week low of $1.24 and a 52 week high of $6.04. The firm has a 50-day moving average of $2.94 and a 200 day moving average of $2.86.
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PetroQuest Energy (NYSE:PQ) last issued its quarterly earnings data on Monday, August 1st. The energy company reported ($1.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by $0.91. The business had revenue of $15.80 million for the quarter, compared to analyst estimates of $15.72 million. The business’s revenue for the quarter was down 51.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.94) EPS. Equities analysts expect that PetroQuest Energy will post ($1.67) EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of PetroQuest Energy during the second quarter valued at about $376,000. Spark Investment Management LLC acquired a new stake in shares of PetroQuest Energy during the first quarter valued at about $162,000. Renaissance Technologies LLC boosted its stake in shares of 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 in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of PetroQuest Energy during the first quarter valued at about $1,208,000. 36.01% of the stock is owned by institutional investors.
PetroQuest Energy Company Profile
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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