Petroquest Energy Inc (NYSE:PQ) - Research analysts at Seaport Global Securities reduced their Q3 2017 earnings per share estimates for shares of Petroquest Energy in a report issued on Monday. Seaport Global Securities analyst M. Kelly now forecasts that the energy company will earn ($0.23) per share for the quarter, down from their prior forecast of ($0.15). Seaport Global Securities currently has a “Neutral” rating and a $2.00 target price on the stock. Seaport Global Securities also issued estimates for Petroquest Energy’s Q4 2017 earnings at ($0.09) EPS and FY2017 earnings at ($0.72) EPS.
Several other research analysts have also recently issued reports on PQ. Roth Capital set a $5.00 price objective on Petroquest Energy and gave the stock a “buy” rating in a research note on Monday, July 31st. Capital One Financial Corporation cut Petroquest Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. Zacks Investment Research cut Petroquest Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, ValuEngine raised Petroquest Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $3.88.
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Petroquest Energy (NYSE PQ) opened at 1.79 on Wednesday. The stock has a 50 day moving average price of $1.98 and a 200-day moving average price of $2.77. The stock’s market cap is $37.98 million. Petroquest Energy has a 1-year low of $1.66 and a 1-year high of $4.75.
Petroquest Energy (NYSE:PQ) last released its earnings results on Wednesday, August 2nd. The energy company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.05. The firm had revenue of $24.25 million during the quarter, compared to analysts’ expectations of $23.38 million. The company’s revenue for the quarter was up 53.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.38) EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of 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 worth $237,000. Phoenix Investment Adviser LLC raised 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 worth $230,000 after buying an additional 1,346 shares in the last quarter. Parkwood LLC raised 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 worth $457,000 after buying an additional 162,002 shares in the last quarter. Finally, Renaissance Technologies LLC raised 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 worth $1,232,000 after buying an additional 84,564 shares in the last quarter. 41.46% of the stock is currently owned by 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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