Petroquest Energy Inc (NYSE:PQ) has been assigned a $5.00 target price by equities research analysts at Roth Capital in a research note issued to investors on Monday, July 31st. The firm currently has a “buy” rating on the energy company’s stock. Roth Capital’s price target would suggest a potential upside of 187.36% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Seaport Global Securities cut shares of Petroquest Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $6.00 to $2.00 in a research note on Wednesday, June 21st. Zacks Investment Research upgraded shares of Petroquest Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st. Capital One Financial Corporation cut shares of Petroquest Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. Finally, ValuEngine upgraded shares of Petroquest Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Two equities 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 company. The company has a consensus rating of “Hold” and an average target price of $3.88.
Petroquest Energy (PQ) traded up 1.16% during midday trading on Monday, reaching $1.74. The company had a trading volume of 62,299 shares. The firm’s 50 day moving average is $1.95 and its 200 day moving average is $2.69. The stock’s market capitalization is $36.99 million. Petroquest Energy has a 1-year low of $1.66 and a 1-year high of $4.75.
Petroquest Energy (NYSE:PQ) last posted 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 business had revenue of $24.25 million during the quarter, compared to the consensus estimate of $23.38 million. The business’s revenue was up 53.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.38) earnings per share. On average, equities analysts anticipate that Petroquest Energy will post ($0.48) EPS for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in shares of 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. Macquarie Group Ltd. acquired a new stake in shares of Petroquest Energy during the fourth quarter valued at about $237,000. Parkwood LLC raised its stake in shares of 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. Phoenix Investment Adviser LLC raised its stake in shares of 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. Finally, Divisar Capital Management LLC raised its stake in shares of Petroquest Energy by 90.1% in the first quarter. Divisar Capital Management LLC now owns 1,052,891 shares of the energy company’s stock valued at $2,885,000 after buying an additional 498,953 shares during the period. 41.46% of the stock is currently owned by hedge funds and other institutional investors.
About Petroquest Energy
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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