Petroquest Energy Inc (NYSE:PQ) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $3.50.

Several equities research analysts have recently weighed in on the stock. Roth Capital set a $7.00 target price on shares of Petroquest Energy and gave the company a “buy” rating in a research note on Monday, May 22nd. ValuEngine downgraded shares of Petroquest Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Petroquest Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st. Capital One Financial Corporation downgraded shares of Petroquest Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. Finally, Seaport Global Securities downgraded shares of Petroquest Energy from a “buy” rating to a “neutral” rating and reduced their target price for the company from $6.00 to $2.00 in a research note on Wednesday, June 21st.

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Petroquest Energy (NYSE:PQ) opened at 1.69 on Tuesday. Petroquest Energy has a 52-week low of $1.66 and a 52-week high of $4.75. The stock’s market cap is $35.92 million. The firm has a 50 day moving average of $1.95 and a 200-day moving average of $2.65.

Petroquest Energy (NYSE:PQ) last announced its earnings results on Wednesday, August 2nd. The energy company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.05. The firm had revenue of $24.25 million during the quarter, compared to analysts’ expectations of $23.38 million. During the same period in the prior year, the company posted ($1.38) EPS. The company’s revenue was up 53.3% compared to the same quarter last year. Equities analysts anticipate that Petroquest Energy will post ($0.48) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of PQ. Divisar Capital Management LLC increased its position in Petroquest Energy by 10.9% in the second quarter. Divisar Capital Management LLC now owns 1,167,162 shares of the energy company’s stock valued at $2,311,000 after buying an additional 114,271 shares in the last quarter. Vanguard Group Inc. increased its position in Petroquest Energy by 6.6% in the second quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock valued at $1,280,000 after buying an additional 40,059 shares in the last quarter. Northern Trust Corp increased its position in Petroquest Energy by 2.9% in the second quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock valued at $111,000 after buying an additional 1,598 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Petroquest Energy by 3.5% in the second quarter. Oppenheimer & Co. Inc. now owns 1,101,609 shares of the energy company’s stock valued at $2,181,000 after buying an additional 37,584 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position 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 valued at $111,000 after buying an additional 41,754 shares in the last quarter. 41.18% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Petroquest Energy (NYSE:PQ)

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