Wall Street analysts forecast that Petroquest Energy Inc (NYSE:PQ) will post ($0.18) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Petroquest Energy’s earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.12). Petroquest Energy reported earnings of ($0.82) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 78%. The business is scheduled to report its next quarterly earnings report on Monday, October 30th.

On average, analysts expect that Petroquest Energy will report full-year earnings of ($0.66) per share for the current fiscal year, with EPS estimates ranging from ($0.72) to ($0.57). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.26) per share, with EPS estimates ranging from ($0.47) to ($0.02). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Petroquest Energy.

Petroquest Energy (NYSE:PQ) last announced its earnings results on Wednesday, August 2nd. The energy company reported ($0.16) earnings per share (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. During the same period in the prior year, the business posted ($1.38) EPS. The firm’s quarterly revenue was up 53.3% compared to the same quarter last year.

PQ has been the subject of several analyst reports. Zacks Investment Research raised Petroquest Energy from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Tuesday. Roth Capital set a $5.00 price objective on Petroquest Energy and gave the stock a “buy” rating in a research note on Monday, August 14th. Capital One Financial Corporation downgraded Petroquest Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. Seaport Global Securities downgraded Petroquest Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $6.00 to $2.00 in a research note on Wednesday, June 21st. Finally, ValuEngine raised Petroquest Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.63.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp increased its position in shares of Petroquest Energy by 2.9% during the second quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock valued at $111,000 after acquiring an additional 1,598 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Petroquest Energy by 4.6% during the first quarter. Renaissance Technologies LLC now owns 389,225 shares of the energy company’s stock valued at $1,066,000 after acquiring an additional 17,036 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Petroquest Energy by 3.5% during the second quarter. Oppenheimer & Co. Inc. now owns 1,101,609 shares of the energy company’s stock valued at $2,181,000 after acquiring an additional 37,584 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Petroquest Energy by 6.6% during the second quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock valued at $1,280,000 after acquiring an additional 40,059 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Petroquest Energy by 288.6% during 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 acquiring an additional 41,754 shares during the last quarter. 37.48% of the stock is owned by institutional investors.

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Shares of Petroquest Energy (PQ) opened at 2.17 on Friday. Petroquest Energy has a 12 month low of $1.66 and a 12 month high of $4.75. The company has a 50-day moving average price of $2.03 and a 200-day moving average price of $2.19. The firm’s market cap is $46.13 million.

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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Earnings History and Estimates for Petroquest Energy (NYSE:PQ)

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