Petroquest Energy Inc (PQ) Posts Quarterly Earnings Results

Petroquest Energy Inc (NYSE:PQ) posted its quarterly earnings results on Wednesday. The energy company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02, reports. The company had revenue of $28.20 million for the quarter, compared to analyst estimates of $26.99 million. The firm’s revenue for the quarter was up 64.9% compared to the same quarter last year. During the same period last year, the firm earned ($1.31) EPS.

PQ has been the topic of several recent analyst reports. Zacks Investment Research raised Petroquest Energy from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Tuesday, October 3rd. Roth Capital set a $5.00 price target on Petroquest Energy and gave the stock a “buy” rating in a research report on Monday, August 14th. Finally, ValuEngine lowered Petroquest Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $3.17.

A hedge fund recently raised its stake in Petroquest Energy stock. Northern Trust Corp grew its stake in Petroquest Energy Inc (NYSE:PQ) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,221 shares of the energy company’s stock after purchasing an additional 1,598 shares during the quarter. Northern Trust Corp owned approximately 0.26% of Petroquest Energy worth $111,000 at the end of the most recent reporting period. Institutional investors own 37.02% of the company’s stock.

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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.

Earnings History for Petroquest Energy (NYSE:PQ)

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