Petroquest Energy Inc (PQ) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Petroquest Energy Inc (NYSE:PQ) have been given an average rating of “Hold” by the seven research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.50.
A number of equities research analysts have commented on PQ shares. Zacks Investment Research raised Petroquest Energy from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a report on Saturday, March 11th. Roth Capital set a $7.00 price target on Petroquest Energy and gave the company a “buy” rating in a report on Wednesday, March 8th. Capital One Financial Corporation cut Petroquest Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 21st. Seaport Global Securities cut Petroquest Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $6.00 to $2.00 in a report on Wednesday, June 21st. Finally, ValuEngine cut Petroquest Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd.
Petroquest Energy (NYSE PQ) opened at 1.78 on Monday. The company’s 50-day moving average price is $2.24 and its 200 day moving average price is $3.19. Petroquest Energy has a 52-week low of $1.71 and a 52-week high of $4.75. The stock’s market capitalization is $37.77 million.
Petroquest Energy (NYSE:PQ) last posted its quarterly earnings results on Wednesday, May 3rd. The energy company reported ($0.23) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.06. The business had revenue of $20.77 million for the quarter, compared to the consensus estimate of $19.92 million. Equities analysts forecast that Petroquest Energy will post ($0.49) EPS for the current fiscal year.
In other news, Director Joseph Gerard Jolly bought 20,000 shares of Petroquest Energy stock in a transaction dated Tuesday, May 9th. The shares were purchased at an average cost of $2.28 per share, with a total value of $45,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.40% of the company’s stock.
Several large investors have recently modified their holdings of the company. Divisar Capital Management LLC boosted its stake in shares of Petroquest Energy by 90.1% in the first quarter. Divisar Capital Management LLC now owns 1,052,891 shares of the energy company’s stock valued at $2,885,000 after buying an additional 498,953 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Petroquest Energy by 4.6% in the first quarter. Renaissance Technologies LLC now owns 389,225 shares of the energy company’s stock valued at $1,066,000 after buying an additional 17,036 shares during the period. Vanguard Group Inc. boosted its stake in shares of Petroquest Energy by 39.6% in the first quarter. Vanguard Group Inc. now owns 606,387 shares of the energy company’s stock valued at $1,661,000 after buying an additional 171,966 shares during the period. Phoenix Investment Adviser LLC boosted its stake in shares of Petroquest Energy by 1.6% in the first quarter. Phoenix Investment Adviser LLC now owns 83,965 shares of the energy company’s stock valued at $230,000 after buying an additional 1,346 shares during the period. Finally, Parkwood LLC boosted its stake in shares of Petroquest Energy by 3,428.6% in the first quarter. Parkwood LLC now owns 166,727 shares of the energy company’s stock valued at $457,000 after buying an additional 162,002 shares during the period. 40.14% of the stock is currently owned by hedge funds and other institutional investors.
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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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