Petroquest Energy Inc (PQ) Expected to Announce Quarterly Sales of $30.50 Million

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 research analysts have weighed in on the company. 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 note 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 note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.17.

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.

ILLEGAL ACTIVITY WARNING: “Petroquest Energy Inc (PQ) Expected to Announce Quarterly Sales of $30.50 Million” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.com-unik.info/2018/01/08/petroquest-energy-inc-pq-expected-to-announce-quarterly-sales-of-30-50-million.html.

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.

Get a free copy of the Zacks research report on Petroquest Energy (PQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about Petroquest Energy? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Petroquest Energy and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit