Petroquest Energy Inc (NYSE:PQ) Given Consensus Recommendation of “Hold” by Analysts
Shares of Petroquest Energy Inc (NYSE:PQ) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $4.50.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Petroquest Energy from a “buy” rating to a “sell” rating in a research report on Wednesday, April 5th. Roth Capital set a $7.00 price objective on shares of Petroquest Energy and gave the stock a “buy” rating in a research report on Monday, May 22nd. ValuEngine cut shares of Petroquest Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Seaport Global Securities cut shares of Petroquest Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $6.00 to $2.00 in a report on Wednesday, June 21st. Finally, 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.
In other Petroquest Energy news, Director Joseph Gerard Jolly acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was acquired at an average price of $2.28 per share, for a total transaction of $45,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Divisar Capital Management LLC raised its position 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 during the period. Renaissance Technologies LLC increased its stake in 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. Parkwood LLC increased its stake in 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. Phoenix Investment Adviser LLC increased its stake in 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. Finally, Macquarie Group Ltd. purchased a new stake in Petroquest Energy during the fourth quarter worth $237,000. Institutional investors and hedge funds own 40.35% of the company’s stock.
Shares of Petroquest Energy (NYSE PQ) traded up 0.758% during trading on Friday, reaching $1.995. 5,479 shares of the company traded hands. The stock’s market capitalization is $42.33 million. The company has a 50-day moving average of $2.05 and a 200-day moving average of $2.90. Petroquest Energy has a 12 month low of $1.66 and a 12 month high of $4.75.
Petroquest Energy (NYSE:PQ) last posted its quarterly earnings data on Wednesday, May 3rd. The energy company reported ($0.23) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.06. The firm had revenue of $20.77 million for the quarter, compared to the consensus estimate of $19.92 million. Analysts forecast that Petroquest Energy will post ($0.60) earnings per share for the current fiscal year.
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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