PetroQuest Energy Inc. (NYSE:PQ) – Capital One Financial Corp. dropped their Q3 2016 earnings per share estimates for shares of PetroQuest Energy in a research report issued to clients and investors on Monday. Capital One Financial Corp. analyst R. Tullis now forecasts that the firm will post earnings per share of ($0.23) for the quarter, down from their previous estimate of ($0.22). Capital One Financial Corp. currently has a “Overweight” rating and a $5.00 target price on the stock. Capital One Financial Corp. also issued estimates for PetroQuest Energy’s Q4 2016 earnings at ($0.23) EPS and FY2017 earnings at ($0.20) EPS.
PetroQuest Energy (NYSE:PQ) last released its quarterly earnings results on Monday, August 1st. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business’s revenue was down 51.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.94) earnings per share.
Other analysts have also issued research reports about the stock. Roth Capital reissued a “buy” rating on shares of PetroQuest Energy in a research report on Tuesday, July 12th. Zacks Investment Research raised shares of PetroQuest Energy from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research report on Thursday, July 7th. Seaport Global Securities raised shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating and boosted their price target for the company from $4.00 to $5.00 in a research report on Friday, August 26th. Johnson Rice raised shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating in a research report on Friday, August 26th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of PetroQuest Energy in a research 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 an average rating of “Hold” and an average price target of $4.67.
PetroQuest Energy (NYSE:PQ) opened at 4.08 on Wednesday. The company’s market cap is $71.92 million. PetroQuest Energy has a 1-year low of $1.24 and a 1-year high of $5.40. The stock’s 50 day moving average is $3.19 and its 200 day moving average is $2.90.
Institutional investors have recently added to or reduced their stakes in the company. Spark Investment Management LLC bought a new position in PetroQuest Energy during the first quarter worth approximately $162,000. Hotchkis & Wiley Capital Management LLC bought a new position in PetroQuest Energy during the second quarter worth approximately $376,000. Renaissance Technologies LLC boosted its position 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 in the last quarter. Finally, Franklin Resources Inc. bought a new position in PetroQuest Energy during the first quarter worth approximately $1,208,000. 36.01% of the stock is owned by institutional investors and hedge funds.
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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