PetroQuest Energy Inc. (PQ) Upgraded to Overweight at Capital One Financial Corp.
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 report released on Monday.
PQ has been the subject of several other research reports. Zacks Investment Research upgraded PetroQuest Energy from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research note on Thursday, July 7th. Johnson Rice raised PetroQuest Energy from an “accumulate” rating to a “buy” rating in a report on Friday, August 26th. Roth Capital reaffirmed a “buy” rating on shares of PetroQuest Energy in a report on Tuesday, July 12th. Seaport Global Securities raised PetroQuest Energy from an “accumulate” rating to a “buy” rating and upped their price target for the company from $4.00 to $5.00 in a report on Friday, August 26th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of PetroQuest Energy in a report on Wednesday, August 31st. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $4.59.
Shares of PetroQuest Energy (NYSE:PQ) traded up 10.66% on Monday, reaching $4.05. The company’s stock had a trading volume of 197,916 shares. The stock has a 50-day moving average of $2.94 and a 200 day moving average of $2.86. The stock’s market capitalization is $71.39 million. PetroQuest Energy has a 52 week low of $1.24 and a 52 week high of $6.04.
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PetroQuest Energy (NYSE:PQ) last announced its earnings results on Monday, August 1st. The energy company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of ($0.47) by $0.91. The company earned $15.80 million during the quarter, compared to analysts’ expectations of $15.72 million. During the same period last year, the firm posted ($0.94) EPS. The firm’s revenue for the quarter was down 51.5% compared to the same quarter last year. On average, analysts expect that PetroQuest Energy will post ($1.67) EPS for the current year.
Several institutional investors have recently modified their holdings of PQ. Renaissance Technologies LLC raised its stake in PetroQuest Energy by 1.7% in the first quarter. Renaissance Technologies LLC now owns 629,654 shares of the energy company’s stock worth $382,000 after buying an additional 10,595 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in PetroQuest Energy during the second quarter worth approximately $376,000. Spark Investment Management LLC acquired a new stake in PetroQuest Energy during the first quarter worth approximately $162,000. Finally, Franklin Resources Inc. acquired a new stake in PetroQuest Energy during the first quarter worth approximately $1,208,000. 36.01% of the stock is owned by institutional investors and hedge funds.
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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