Equities analysts expect that Petroquest Energy Inc (NYSE:PQ) will announce sales of $31.91 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Petroquest Energy’s earnings. The lowest sales estimate is $30.80 million and the highest is $33.34 million. Petroquest Energy posted sales of $16.43 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 94.2%. The firm is expected to issue its next quarterly earnings results on Tuesday, March 6th.
According to Zacks, analysts expect that Petroquest Energy will report full year sales of $31.91 million for the current fiscal year, with estimates ranging from $103.50 million to $106.55 million. For the next fiscal year, analysts anticipate that the company will report sales of $130.76 million per share, with estimates ranging from $114.20 million to $139.69 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Petroquest Energy.
Separately, B. Riley began coverage on shares of Petroquest Energy in a report on Monday, February 5th. They issued a “neutral” rating and a $1.90 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $2.85.
Shares of Petroquest Energy (PQ) traded up $0.05 during trading on Wednesday, hitting $1.45. 6,105 shares of the stock traded hands, compared to its average volume of 98,815. Petroquest Energy has a fifty-two week low of $1.39 and a fifty-two week high of $4.21. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of -1.20.
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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