Petroquest Energy Inc (NYSE:PQ) has been assigned a $5.00 target price by research analysts at Roth Capital in a report released on Monday, July 31st. The firm currently has a “buy” rating on the energy company’s stock. Roth Capital’s price target indicates a potential upside of 168.82% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Petroquest Energy from a “buy” rating to a “sell” rating in a research note on Wednesday, April 5th. ValuEngine cut Petroquest Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Seaport Global Securities cut 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, Capital One Financial Corporation cut Petroquest Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $3.88.
Petroquest Energy (NYSE PQ) opened at 1.86 on Monday. The stock’s market cap is $39.54 million. Petroquest Energy has a 12 month low of $1.66 and a 12 month high of $4.75. The firm has a 50-day moving average price of $1.94 and a 200-day moving average price of $2.60.
Petroquest Energy (NYSE:PQ) last released its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.05. The business had revenue of $24.25 million during the quarter, compared to analysts’ expectations of $23.38 million. During the same quarter last year, the business posted ($1.38) earnings per share. The company’s quarterly revenue was up 53.3% compared to the same quarter last year. Equities research analysts expect that Petroquest Energy will post ($0.66) earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Phoenix Investment Adviser LLC boosted its position 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 last quarter. Northern Trust Corp boosted its position in shares of Petroquest Energy by 2.9% in the second quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock valued at $111,000 after buying an additional 1,598 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Petroquest Energy by 4.6% in the first quarter. Renaissance Technologies LLC now owns 389,225 shares of the energy company’s stock valued at $1,066,000 after buying an additional 17,036 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Petroquest Energy by 3.5% in the second quarter. Oppenheimer & Co. Inc. now owns 1,101,609 shares of the energy company’s stock valued at $2,181,000 after buying an additional 37,584 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Petroquest Energy by 6.6% in the second quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock valued at $1,280,000 after buying an additional 40,059 shares during the period. Hedge funds and other institutional investors own 41.18% of the company’s stock.
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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