Petroquest Energy Inc Forecasted to Earn Q3 2017 Earnings of ($0.09) Per Share (PQ)
Petroquest Energy Inc (NYSE:PQ) – Equities researchers at Capital One Financial Corporation issued their Q3 2017 earnings estimates for Petroquest Energy in a research report issued to clients and investors on Thursday. Capital One Financial Corporation analyst R. Tullis expects that the energy company will post earnings per share of ($0.09) for the quarter. Capital One Financial Corporation currently has a “Equal Weight” rating on the stock. Capital One Financial Corporation also issued estimates for Petroquest Energy’s Q4 2017 earnings at $0.11 EPS, FY2017 earnings at ($0.38) EPS and FY2018 earnings at ($0.15) EPS.
Petroquest Energy (NYSE:PQ) last released its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.05. The firm had revenue of $24.25 million during the quarter, compared to analyst estimates of $23.38 million. Petroquest Energy’s quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter last year, the firm earned ($1.38) earnings per share.
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A number of other equities research analysts also recently issued reports on PQ. Roth Capital set a $7.00 price objective on shares of Petroquest Energy and gave the stock a “buy” rating in a research note on Monday, May 22nd. Zacks Investment Research upgraded shares of Petroquest Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st. ValuEngine downgraded shares of Petroquest Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Finally, Seaport Global Securities downgraded shares of Petroquest Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $6.00 to $2.00 in a research note on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Petroquest Energy currently has a consensus rating of “Hold” and an average price target of $3.88.
Petroquest Energy (NYSE PQ) opened at 1.89 on Monday. Petroquest Energy has a 52 week low of $1.66 and a 52 week high of $4.75. The firm has a 50 day moving average of $2.01 and a 200-day moving average of $2.79. The company’s market capitalization is $40.11 million.
In related news, Director Joseph Gerard Jolly purchased 20,000 shares of Petroquest Energy stock in a transaction dated Tuesday, May 9th. The shares were bought at an average cost of $2.28 per share, for a total transaction of $45,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 9.40% of the company’s stock.
Several large investors have recently bought and sold shares of PQ. Divisar Capital Management LLC increased its stake in 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 last quarter. Parkwood LLC increased its stake in Petroquest Energy by 143.3% in the second quarter. Parkwood LLC now owns 405,584 shares of the energy company’s stock worth $803,000 after buying an additional 238,857 shares during the last quarter. Renaissance Technologies LLC increased its stake in Petroquest Energy by 29.4% in the fourth quarter. Renaissance Technologies LLC now owns 372,189 shares of the energy company’s stock worth $1,232,000 after buying an additional 84,564 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Petroquest Energy during the fourth quarter worth $237,000. Finally, Bank of New York Mellon Corp increased its stake in Petroquest Energy by 288.6% in the second quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock worth $111,000 after buying an additional 41,754 shares during the last quarter. Institutional investors own 41.47% 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.
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