Q2 2017 EPS Estimates for Petroquest Energy Inc (NYSE:PQ) Raised by Analyst
Petroquest Energy Inc (NYSE:PQ) – Equities researchers at Seaport Global Securities boosted their Q2 2017 earnings per share (EPS) estimates for Petroquest Energy in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Kelly now forecasts that the energy company will post earnings per share of ($0.24) for the quarter, up from their previous forecast of ($0.27). Seaport Global Securities currently has a “Neutral” rating and a $2.00 target price on the stock. Seaport Global Securities also issued estimates for Petroquest Energy’s Q3 2017 earnings at ($0.15) EPS, Q4 2017 earnings at ($0.12) EPS, FY2017 earnings at ($0.74) EPS, Q1 2018 earnings at ($0.17) EPS, Q2 2018 earnings at ($0.16) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.06) EPS and FY2018 earnings at ($0.47) EPS.
Several other research analysts have also recently commented on PQ. ValuEngine raised shares of Petroquest Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th. Capital One Financial Corporation cut shares of Petroquest Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 21st. Zacks Investment Research cut shares of Petroquest Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Finally, Roth Capital set a $7.00 price objective on shares of Petroquest Energy and gave the company a “buy” rating in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.38.
Shares of Petroquest Energy (NYSE:PQ) opened at 2.05 on Monday. The stock has a 50 day moving average price of $2.16 and a 200 day moving average price of $3.09. The company’s market capitalization is $43.50 million. Petroquest Energy has a 1-year low of $1.66 and a 1-year high of $4.75.
Petroquest Energy (NYSE:PQ) last released its quarterly earnings data on Wednesday, May 3rd. The energy company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.06. The company had revenue of $20.77 million during the quarter, compared to the consensus estimate of $19.92 million.
In related news, Director Joseph Gerard Jolly bought 20,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were purchased at an average price of $2.28 per share, for a total transaction of $45,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 9.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Divisar Capital Management LLC raised 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 worth $2,885,000 after buying an additional 498,953 shares in the last quarter. Renaissance Technologies LLC raised 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 worth $1,066,000 after buying an additional 17,036 shares in the last quarter. Phoenix Investment Adviser LLC raised 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 worth $230,000 after buying an additional 1,346 shares in the last quarter. Parkwood LLC raised 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 worth $457,000 after buying an additional 162,002 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Petroquest Energy during the fourth quarter worth $237,000. Hedge funds and other institutional investors own 40.14% of the company’s stock.
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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