Petroquest Energy Inc (NYSE:PQ) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Thursday.
Several other analysts have also issued reports on PQ. Zacks Investment Research lowered Petroquest Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Capital One Financial Corporation lowered Petroquest Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 21st. Seaport Global Securities lowered Petroquest Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $6.00 to $2.00 in a report on Wednesday, June 21st. Finally, Roth Capital set a $7.00 target price on Petroquest Energy and gave the stock a “buy” rating in a report on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.38.
Petroquest Energy (PQ) opened at 1.83 on Thursday. The firm’s 50 day moving average price is $2.16 and its 200-day moving average price is $3.09. The company’s market capitalization is $38.83 million. Petroquest Energy has a one year low of $1.66 and a one year high of $4.75.
Petroquest Energy (NYSE:PQ) last released its earnings results on Wednesday, May 3rd. The energy company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.06. The company had revenue of $20.77 million for the quarter, compared to analyst estimates of $19.92 million. Equities analysts forecast that Petroquest Energy will post ($0.60) earnings per share for the current fiscal year.
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In other Petroquest Energy news, Director Joseph Gerard Jolly acquired 20,000 shares of Petroquest Energy stock in a transaction that occurred on Tuesday, May 9th. The shares were acquired at an average cost of $2.28 per share, with a total value of $45,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. acquired a new stake in Petroquest Energy during the fourth quarter valued at $237,000. Phoenix Investment Adviser LLC raised its stake in 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 period. Parkwood LLC raised its stake in Petroquest Energy by 3,428.6% in the first quarter. Parkwood LLC now owns 166,727 shares of the energy company’s stock valued at $457,000 after buying an additional 162,002 shares during the period. Renaissance Technologies LLC raised its stake in Petroquest Energy by 29.4% in the fourth quarter. Renaissance Technologies LLC now owns 372,189 shares of the energy company’s stock valued at $1,232,000 after buying an additional 84,564 shares during the period. Finally, Divisar Capital Management LLC raised its stake in Petroquest Energy by 90.1% in the first quarter. Divisar Capital Management LLC now owns 1,052,891 shares of the energy company’s stock valued at $2,885,000 after buying an additional 498,953 shares during the period. 40.14% of the stock is currently owned by institutional investors and hedge funds.
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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