Petroquest Energy Inc (NYSE:PQ) has been given a $7.00 price target by Roth Capital in a research note issued to investors on Monday. The firm currently has a “buy” rating on the energy company’s stock. Roth Capital’s price target suggests a potential upside of 191.67% from the stock’s current price.

Separately, Zacks Investment Research lowered shares of Petroquest Energy from a “buy” rating to a “sell” rating in a research report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Petroquest Energy has a consensus rating of “Buy” and an average price target of $5.13.

Analyst Recommendations for Petroquest Energy (NYSE:PQ)

Shares of Petroquest Energy (NYSE:PQ) traded up 0.84% during midday trading on Monday, hitting $2.40. The company’s stock had a trading volume of 36,092 shares. The firm’s market cap is $50.93 million. The stock’s 50 day moving average is $2.44 and its 200-day moving average is $3.37. Petroquest Energy has a 52-week low of $1.71 and a 52-week high of $4.75.

Petroquest Energy (NYSE:PQ) last released its quarterly earnings results on Wednesday, May 3rd. The energy company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.06. The firm had revenue of $20.77 million for the quarter, compared to analysts’ expectations of $19.92 million. Equities analysts predict that Petroquest Energy will post ($0.52) EPS for the current fiscal year.

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In other news, Director Joseph Gerard Jolly purchased 20,000 shares of Petroquest Energy stock in a transaction dated Tuesday, May 9th. The stock was purchased at an average cost of $2.28 per share, for a total transaction of $45,600.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 10.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Phoenix Investment Adviser LLC bought a new position in shares of Petroquest Energy during the third quarter valued at about $286,000. Oxford Asset Management bought a new position in shares of Petroquest Energy during the fourth quarter valued at about $178,000. GRT Capital Partners L.L.C. raised its position in shares of Petroquest Energy by 6.7% in the fourth quarter. GRT Capital Partners L.L.C. now owns 55,040 shares of the energy company’s stock valued at $182,000 after buying an additional 3,479 shares during the period. Renaissance Technologies LLC raised its position in shares of Petroquest Energy by 29.4% in the fourth quarter. Renaissance Technologies LLC now owns 372,189 shares of the energy company’s stock valued at $1,232,000 after buying an additional 84,564 shares during the period. Finally, Divisar Capital Management LLC bought a new position in shares of Petroquest Energy during the fourth quarter valued at about $1,834,000. Institutional investors own 39.61% of the company’s stock.

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.

12 Month Chart for NYSE:PQ

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