PetroQuest Energy Inc. (NYSE:PQ)’s share price was down 2.1% during trading on Monday . The company traded as low as $2.79 and last traded at $2.81, with a volume of 67,555 shares traded. The stock had previously closed at $2.87.
A number of equities analysts have recently commented on PQ shares. Roth Capital reaffirmed a “buy” rating on shares of PetroQuest Energy in a report on Thursday, May 26th. Seaport Global Securities downgraded PetroQuest Energy from a “buy” rating to an “accumulate” rating and set a $4.00 price objective on the stock. in a research report on Tuesday, June 7th. Zacks Investment Research upgraded PetroQuest Energy from a “sell” rating to a “hold” rating in a research report on Friday, June 10th. Capital One Financial Corp. downgraded PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 4th. Finally, Johnson Rice upgraded PetroQuest Energy from an “accumulate” rating to a “buy” rating in a research report on Friday, August 26th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.59.
The firm’s 50 day moving average price is $2.39 and its 200-day moving average price is $2.76. The stock’s market cap is $52.70 million.
PetroQuest Energy (NYSE:PQ) last announced its earnings results on Monday, August 1st. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by $0.91. The firm had revenue of $15.80 million for the quarter, compared to analysts’ expectations of $15.72 million. The company’s quarterly revenue was down 51.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.94) EPS. Analysts forecast that PetroQuest Energy Inc. will post ($1.18) EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of PQ. Franklin Resources Inc. purchased a new stake in PetroQuest Energy during the first quarter worth $1,208,000. Spark Investment Management LLC purchased a new stake in PetroQuest Energy during the first quarter worth $162,000. Renaissance Technologies LLC raised its stake in PetroQuest Energy by 1.7% in the first quarter. Renaissance Technologies LLC now owns 629,654 shares of the energy company’s stock worth $382,000 after buying an additional 10,595 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in PetroQuest Energy during the second quarter worth $376,000. 36.01% of the stock is currently owned by institutional investors.
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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