Petroquest Energy Inc (NYSE:PQ) – Stock analysts at Seaport Global Securities upped their Q3 2017 earnings per share (EPS) estimates for Petroquest Energy in a research note issued to investors on Monday. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will post earnings per share of ($0.22) for the quarter, up from their previous estimate of ($0.23). Seaport Global Securities also issued estimates for Petroquest Energy’s Q4 2017 earnings at ($0.08) EPS and FY2017 earnings at ($0.69) EPS.

PQ has been the subject of a number of other research reports. ValuEngine raised Petroquest Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th. Roth Capital set a $5.00 target price on Petroquest Energy and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research raised Petroquest Energy from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.17.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/10/25/q3-2017-eps-estimates-for-petroquest-energy-inc-pq-raised-by-seaport-global-securities.html.

Shares of Petroquest Energy (NYSE PQ) opened at 1.6753 on Wednesday. The stock has a 50 day moving average of $2.01 and a 200-day moving average of $2.09. The company’s market cap is $35.61 million. Petroquest Energy has a 12 month low of $1.63 and a 12 month high of $4.75.

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 business had revenue of $24.25 million during the quarter, compared to the consensus estimate of $23.38 million. The company’s revenue was up 53.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.38) EPS.

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp boosted its position in shares of Petroquest Energy by 2.9% during the 2nd 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. Bank of New York Mellon Corp boosted its position in shares of Petroquest Energy by 288.6% during the 2nd 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. Renaissance Technologies LLC boosted its position in shares of Petroquest Energy by 4.6% during the 1st 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. Parkwood LLC boosted its position in shares of Petroquest Energy by 143.3% during the 2nd quarter. Parkwood LLC now owns 405,584 shares of the energy company’s stock valued at $803,000 after acquiring an additional 238,857 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Petroquest Energy by 6.6% during the 2nd 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. Hedge funds and other institutional investors own 37.48% 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.

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

Receive News & Ratings for Petroquest Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petroquest Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.