Shares of PetroQuest Energy Inc. (NYSE:PQ) traded down 2.1% during mid-day trading on Monday . The stock traded as low as $2.79 and last traded at $2.81, with a volume of 67,555 shares trading hands. The stock had previously closed at $2.87.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of PetroQuest Energy from a “sell” rating to a “hold” rating in a research report on Friday, June 10th. Roth Capital reissued a “buy” rating on shares of PetroQuest Energy in a research report on Thursday, May 26th. Capital One Financial Corp. downgraded shares of PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 4th. Johnson Rice raised shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating in a research report on Friday, August 26th. Finally, Seaport Global Securities raised shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating and lifted their price target for the company from $4.00 to $5.00 in a research report on Friday, August 26th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. PetroQuest Energy currently has an average rating of “Hold” and an average price target of $4.59.
The company’s market cap is $50.94 million. The firm’s 50-day moving average is $2.40 and its 200 day moving average is $2.76.
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PetroQuest Energy (NYSE:PQ) last announced its quarterly earnings data on Monday, August 1st. The energy company reported ($1.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by $0.91. The business earned $15.80 million during the quarter, compared to analysts’ expectations of $15.72 million. During the same period in the prior year, the firm earned ($0.94) EPS. The business’s revenue was down 51.5% on a year-over-year basis. On average, equities analysts anticipate that PetroQuest Energy Inc. will post ($1.18) earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of PetroQuest Energy during the second quarter worth approximately $376,000. Spark Investment Management LLC acquired a new position in shares of PetroQuest Energy during the first quarter worth approximately $162,000. Renaissance Technologies LLC increased its position in shares of PetroQuest Energy by 1.7% in the first quarter. Renaissance Technologies LLC now owns 629,654 shares of the energy company’s stock worth $382,000 after buying an additional 10,595 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of PetroQuest Energy during the first quarter worth approximately $1,208,000. Institutional investors own 36.01% 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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