Petroquest Energy Inc (PQ) Forecasted to Post Q3 2017 Earnings of ($0.09) Per Share

Petroquest Energy Inc (NYSE:PQ) – Equities research analysts at Capital One Financial Corporation issued their Q3 2017 earnings per share estimates for shares of Petroquest Energy in a research report issued on Thursday. Capital One Financial Corporation analyst R. Tullis anticipates that the energy company will earn ($0.09) per share for the quarter. Capital One Financial Corporation currently has a “Equal Weight” rating on the stock. Capital One Financial Corporation also issued estimates for Petroquest Energy’s Q4 2017 earnings at $0.11 EPS, FY2017 earnings at ($0.38) EPS and FY2018 earnings at ($0.15) EPS.

Petroquest Energy (NYSE:PQ) last announced its earnings results on Wednesday, August 2nd. The energy company reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.05. The firm had revenue of $24.25 million for the quarter, compared to the consensus estimate of $23.38 million. During the same period in the previous year, the firm earned ($1.38) EPS. Petroquest Energy’s revenue for the quarter was up 53.3% on a year-over-year basis.

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Other analysts have also recently issued reports about the stock. Roth Capital set a $7.00 price objective on shares of Petroquest Energy and gave the stock a “buy” rating in a research note on Monday, May 22nd. Zacks Investment Research raised shares of Petroquest Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st. Seaport Global Securities cut shares of Petroquest Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $6.00 to $2.00 in a research note on Wednesday, June 21st. Finally, ValuEngine raised shares of Petroquest Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $3.88.

Shares of Petroquest Energy (PQ) opened at 1.79 on Monday. The company’s 50-day moving average price is $1.98 and its 200 day moving average price is $2.77. Petroquest Energy has a one year low of $1.66 and a one year high of $4.75. The company’s market cap is $37.98 million.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in Petroquest Energy by 288.6% in the second quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock valued at $111,000 after buying an additional 41,754 shares during the period. Macquarie Group Ltd. bought a new stake in Petroquest Energy during the fourth quarter valued at approximately $237,000. Phoenix Investment Adviser LLC boosted its stake in Petroquest Energy by 1.6% in the first quarter. Phoenix Investment Adviser LLC now owns 83,965 shares of the energy company’s stock valued at $230,000 after buying an additional 1,346 shares during the period. Parkwood LLC boosted its stake in Petroquest Energy by 3,428.6% in the first quarter. Parkwood LLC now owns 166,727 shares of the energy company’s stock valued at $457,000 after buying an additional 162,002 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Petroquest Energy by 29.4% in the fourth quarter. Renaissance Technologies LLC now owns 372,189 shares of the energy company’s stock valued at $1,232,000 after buying an additional 84,564 shares during the period. 41.46% of the stock is currently 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.