Zacks: Brokerages Anticipate Petroquest Energy Inc (PQ) Will Post Earnings of -$0.09 Per Share

Equities research analysts forecast that Petroquest Energy Inc (NYSE:PQ) will report ($0.09) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Petroquest Energy’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.14). Petroquest Energy posted earnings per share of ($0.46) during the same quarter last year, which would suggest a positive year-over-year growth rate of 80.4%. The business is expected to announce its next earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Petroquest Energy will report full-year earnings of ($0.65) per share for the current year, with EPS estimates ranging from ($0.70) to ($0.58). For the next year, analysts expect that the company will post earnings of ($0.25) per share, with EPS estimates ranging from ($0.40) to $0.01. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Petroquest Energy.

Petroquest Energy (NYSE:PQ) last released its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.02. The firm had revenue of $28.20 million for the quarter, compared to the consensus estimate of $26.99 million. During the same quarter in the previous year, the business posted ($1.31) EPS. The firm’s revenue for the quarter was up 64.9% compared to the same quarter last year.

Several research analysts have issued reports on PQ shares. Roth Capital set a $5.00 price target on shares of Petroquest Energy and gave the stock a “buy” rating in a report on Monday, August 14th. Zacks Investment Research upgraded shares of Petroquest Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, ValuEngine lowered shares of Petroquest Energy from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $3.17.

Petroquest Energy (PQ) opened at $1.69 on Friday. The company has a debt-to-equity ratio of -1.20, a current ratio of 0.59 and a quick ratio of 0.59. Petroquest Energy has a fifty-two week low of $1.58 and a fifty-two week high of $4.75.

Large investors have recently added to or reduced their stakes in the company. Northern Trust Corp increased its stake in shares of Petroquest Energy by 2.9% in 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 in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Petroquest Energy by 288.6% in 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 in the last quarter. Phoenix Investment Adviser LLC bought a new stake in shares of Petroquest Energy in the 3rd quarter valued at $294,000. Renaissance Technologies LLC increased its stake in shares of Petroquest Energy by 4.6% in 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 in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Petroquest Energy by 6.6% in 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 in the last quarter. Institutional investors own 38.15% of the company’s stock.

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

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