Analysts Anticipate Petroquest Energy Inc (PQ) to Announce -$0.06 EPS

Equities research analysts expect Petroquest Energy Inc (NYSE:PQ) to post earnings of ($0.06) per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Petroquest Energy’s earnings, with the lowest EPS estimate coming in at ($0.19) and the highest estimate coming in at $0.17. Petroquest Energy posted earnings of ($0.23) per share in the same quarter last year, which would indicate a positive year over year growth rate of 73.9%. The business is expected to issue its next earnings results on Wednesday, May 2nd.

On average, analysts expect that Petroquest Energy will report full year earnings of ($0.41) per share for the current fiscal year, with EPS estimates ranging from ($0.85) to $0.37. For the next financial year, analysts forecast that the business will post earnings of ($0.03) per share, with EPS estimates ranging from ($0.68) to $0.98. Zacks’ EPS averages are an average based on a survey of research analysts that follow Petroquest Energy.

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Petroquest Energy (NYSE:PQ) last announced its quarterly earnings results on Monday, March 5th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $35.10 million during the quarter, compared to analyst estimates of $31.78 million. Petroquest Energy’s quarterly revenue was up 114.0% on a year-over-year basis. During the same period last year, the firm earned ($0.46) EPS.

PQ has been the topic of several research reports. Zacks Investment Research raised shares of Petroquest Energy from a “sell” rating to a “hold” rating in a research report on Thursday. B. Riley started coverage on shares of Petroquest Energy in a research report on Monday, February 5th. They issued a “neutral” rating and a $1.90 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Petroquest Energy currently has a consensus rating of “Hold” and a consensus price target of $2.85.

PQ traded down $0.04 during trading on Friday, hitting $0.54. The company had a trading volume of 375,556 shares, compared to its average volume of 232,739. Petroquest Energy has a one year low of $0.48 and a one year high of $2.93. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of -1.24.

A number of large investors have recently modified their holdings of the business. Franklin Resources Inc. bought a new stake in Petroquest Energy during the 4th quarter worth about $4,234,000. Renaissance Technologies LLC lifted its position in Petroquest Energy by 16.8% during the 4th quarter. Renaissance Technologies LLC now owns 452,825 shares of the energy company’s stock worth $856,000 after buying an additional 65,100 shares in the last quarter. Vanguard Group Inc. lifted its position in Petroquest Energy by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock worth $1,280,000 after buying an additional 40,059 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Petroquest Energy by 2.9% during the 2nd quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock worth $111,000 after purchasing an additional 1,598 shares during the last quarter. 40.17% of the stock is currently owned by hedge funds and other institutional investors.

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Petroquest Energy Company Profile

PetroQuest Energy, Inc operates as an independent oil and gas company. The company is involved in the acquisition, exploration, and development of oil and gas properties in Texas and the Gulf Coast Basin. As of December 31, 2016, it had estimated proved reserves of 1.4 thousand barrels of oil, 26.6 billion cubic feet equivalent of natural gas liquids, and 81 billion cubic feet of natural gas.

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Earnings History and Estimates for Petroquest Energy (NYSE:PQ)

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