Shares of Petroquest Energy Inc (NYSE:PQ) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $3.00.
A number of research analysts have recently issued reports on PQ shares. Zacks Investment Research downgraded Petroquest Energy from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Roth Capital set a $5.00 price target on Petroquest Energy and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, B. Riley started coverage on Petroquest Energy in a report on Monday. They issued a “hold” rating and a $2.00 price target on the stock.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Petroquest Energy by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock worth $1,280,000 after buying an additional 40,059 shares during the last quarter. Phoenix Investment Adviser LLC purchased a new position in Petroquest Energy during the 3rd quarter worth $294,000. Bank of New York Mellon Corp grew its stake in 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 worth $111,000 after buying an additional 41,754 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Petroquest Energy by 2.9% during the 2nd quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock worth $111,000 after buying an additional 1,598 shares during the last quarter. Hedge funds and other institutional investors own 37.49% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/02/06/petroquest-energy-inc-pq-given-consensus-rating-of-hold-by-brokerages.html.
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.
Receive News & Ratings for Petroquest Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petroquest Energy and related companies with MarketBeat.com's FREE daily email newsletter.