PetroQuest Energy Inc. (NYSE:PQ) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 232,946 shares, a decrease of 58.3% from the August 31st total of 558,456 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily volume of 282,286 shares, the short-interest ratio is currently 0.8 days.
PQ has been the subject of a number of recent research reports. Roth Capital reiterated a “buy” rating on shares of PetroQuest Energy in a report on Tuesday, July 12th. Zacks Investment Research upgraded shares of PetroQuest Energy from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a report on Thursday, July 7th. Seaport Global Securities upgraded shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $4.00 to $5.00 in a report on Friday, August 26th. Johnson Rice upgraded shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating in a report on Friday, August 26th. Finally, Capital One Financial Corp. cut shares of PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 4th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $4.59.
Shares of PetroQuest Energy (NYSE:PQ) opened at 3.91 on Friday. The company’s market capitalization is $68.92 million. The firm’s 50-day moving average is $2.89 and its 200-day moving average is $2.85. PetroQuest Energy has a 12-month low of $1.24 and a 12-month high of $6.04.
PetroQuest Energy (NYSE:PQ) last posted its earnings results on Monday, August 1st. The energy company reported ($1.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by $0.91. The business had revenue of $15.80 million for the quarter, compared to the consensus estimate of $15.72 million. The business’s revenue for the quarter was down 51.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.94) EPS. On average, equities research analysts anticipate that PetroQuest Energy will post ($1.67) EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the company. Spark Investment Management LLC purchased a new stake in PetroQuest Energy during the first quarter valued at $162,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of PetroQuest Energy during the second quarter worth approximately $376,000. Renaissance Technologies LLC raised its stake in shares of 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 last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of PetroQuest Energy during the first quarter worth approximately $1,208,000. Institutional investors own 36.01% of the company’s stock.
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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