Analysts forecast that Petroquest Energy Inc (NYSE:PQ) will report sales of $30.50 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Petroquest Energy’s earnings. The lowest sales estimate is $29.09 million and the highest is $31.90 million. Petroquest Energy reported sales of $16.43 million in the same quarter last year, which indicates a positive year over year growth rate of 85.6%. The company is scheduled to announce its next quarterly earnings report on Tuesday, March 6th.
On average, analysts expect that Petroquest Energy will report full-year sales of $30.50 million for the current financial year, with estimates ranging from $101.88 million to $104.60 million. For the next fiscal year, analysts expect that the company will report sales of $135.26 million per share, with estimates ranging from $130.51 million to $140.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Petroquest Energy.
Petroquest Energy (NYSE:PQ) last posted its earnings results on Wednesday, November 1st. The energy company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02. The company had revenue of $28.20 million during the quarter, compared to analysts’ expectations of $26.99 million. During the same period in the previous year, the company posted ($1.31) EPS. Petroquest Energy’s quarterly revenue was up 64.9% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Divisar Capital Management LLC increased its holdings in Petroquest Energy by 10.9% in the 2nd quarter. Divisar Capital Management LLC now owns 1,167,162 shares of the energy company’s stock valued at $2,311,000 after purchasing an additional 114,271 shares in the last quarter. Vanguard Group Inc. increased its holdings in Petroquest Energy by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock valued at $1,280,000 after purchasing an additional 40,059 shares in the last quarter. Phoenix Investment Adviser LLC acquired a new stake in Petroquest Energy in the 3rd quarter valued at $294,000. Bank of New York Mellon Corp increased its holdings in Petroquest Energy by 288.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock valued at $111,000 after purchasing an additional 41,754 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Petroquest Energy by 2.9% in the 2nd quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock valued at $111,000 after purchasing an additional 1,598 shares in the last quarter. Hedge funds and other institutional investors own 38.04% of the company’s stock.
Petroquest Energy (PQ) traded up $0.01 during mid-day trading on Monday, reaching $1.82. The company had a trading volume of 66,242 shares, compared to its average volume of 105,600. Petroquest Energy has a 12-month low of $1.50 and a 12-month high of $4.75. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of -1.20. The stock has a market cap of $38.50, a price-to-earnings ratio of -1.82 and a beta of 1.92.
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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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