Several other analysts have also recently weighed in on PQ. Zacks Investment Research raised PetroQuest Energy from a hold rating to a buy rating and set a $3.75 price target for the company in a report on Thursday, July 7th. Roth Capital reissued a buy rating on shares of PetroQuest Energy in a report on Tuesday, July 12th. Johnson Rice raised PetroQuest Energy from an accumulate rating to a buy rating in a report on Friday, August 26th. Seaport Global Securities raised PetroQuest Energy from an accumulate rating to a buy rating and lifted their price target for the stock from $4.00 to $5.00 in a report on Friday, August 26th. Finally, Stifel Nicolaus reissued a hold rating on shares of PetroQuest Energy in a report on Wednesday, August 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. PetroQuest Energy presently has a consensus rating of Hold and a consensus target price of $4.59.
Shares of PetroQuest Energy (NYSE:PQ) traded down 2.92% during mid-day trading on Monday, hitting $3.99. The stock had a trading volume of 36,633 shares. The firm’s market cap is $70.33 million. PetroQuest Energy has a 52 week low of $1.24 and a 52 week high of $5.64. The stock has a 50 day moving average price of $3.01 and a 200 day moving average price of $2.88.
PetroQuest Energy (NYSE:PQ) last issued its earnings results on Monday, August 1st. The energy company reported ($1.38) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by $0.91. The firm earned $15.80 million during the quarter, compared to the consensus estimate of $15.72 million. The company’s revenue for the quarter was down 51.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.94) EPS. Equities research analysts expect that PetroQuest Energy will post ($1.67) EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new position in shares of PetroQuest Energy during the first quarter valued at about $1,208,000. Spark Investment Management LLC acquired a new position in shares of PetroQuest Energy during the first quarter valued at about $162,000. Renaissance Technologies LLC raised its position 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 valued at $382,000 after buying an additional 10,595 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of PetroQuest Energy during the second quarter valued at about $376,000. 36.01% of the stock is owned by hedge funds and other institutional investors.
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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