Petroquest Energy Inc (PQ) Expected to Post Earnings of -$0.07 Per Share

Equities analysts expect that Petroquest Energy Inc (NYSE:PQ) will report earnings of ($0.07) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Petroquest Energy’s earnings, with estimates ranging from ($0.14) to $0.00. Petroquest Energy reported earnings per share of ($0.46) during the same quarter last year, which indicates a positive year-over-year growth rate of 84.8%. The business is scheduled to announce its next earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Petroquest Energy will report full year earnings of ($0.60) per share for the current year, with EPS estimates ranging from ($0.66) to ($0.54). For the next fiscal year, analysts forecast that the company will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.36) to $0.15. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Petroquest Energy.

Petroquest Energy (NYSE:PQ) last posted its quarterly earnings data on Wednesday, November 1st. The energy company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.02. The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $26.99 million. During the same period in the prior year, the company earned ($1.31) EPS. The company’s revenue was up 64.9% compared to the same quarter last year.

PQ has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Petroquest Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Roth Capital set a $5.00 target price on shares of Petroquest Energy and gave the stock a “buy” rating in a research report on Tuesday, October 24th. One investment 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 currently has an average rating of “Hold” and an average price target of $3.17.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Divisar Capital Management LLC grew 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 acquiring an additional 114,271 shares in the last quarter. Vanguard Group Inc. grew 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 acquiring an additional 40,059 shares in the last quarter. Phoenix Investment Adviser LLC acquired a new stake in Petroquest Energy in the third quarter valued at approximately $294,000. Bank of New York Mellon Corp grew 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 acquiring an additional 41,754 shares in the last quarter. Finally, Northern Trust Corp grew 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 acquiring an additional 1,598 shares in the last quarter. 38.04% of the stock is owned by hedge funds and other institutional investors.

Shares of Petroquest Energy (NYSE PQ) opened at $1.90 on Tuesday. The stock has a market cap of $37.65, a P/E ratio of -1.90 and a beta of 1.92. Petroquest Energy has a 1 year low of $1.50 and a 1 year high of $4.75. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of -1.20.

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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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