PetroQuest Energy Inc. (PQ) Sees Strong Trading Volume
Shares of PetroQuest Energy Inc. (NYSE:PQ) saw an uptick in trading volume on Wednesday . 83,089 shares were traded during trading, a decline of 18% from the previous session’s volume of 101,056 shares.The stock last traded at $3.42 and had previously closed at $3.38.
A number of research firms recently commented on PQ. Roth Capital restated a “buy” rating on shares of PetroQuest Energy in a research report on Tuesday. Zacks Investment Research upgraded PetroQuest Energy from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research report on Thursday, July 7th. Finally, Seaport Global Securities lowered PetroQuest Energy from a “buy” rating to an “accumulate” rating and set a $4.00 price target on the stock. in a research report on Tuesday, June 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $5.87.
The stock’s market cap is $59.41 million. The company’s 50-day moving average price is $3.15 and its 200 day moving average price is $2.49.
PetroQuest Energy (NYSE:PQ) last issued its quarterly earnings data on Monday, May 2nd. The energy company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by $0.42. During the same period in the previous year, the company posted ($1.89) EPS. The firm earned $17.30 million during the quarter, compared to the consensus estimate of $18.37 million. The firm’s revenue for the quarter was down 48.4% on a year-over-year basis. Equities research analysts predict that PetroQuest Energy Inc. will post ($2.59) earnings per share for the current fiscal year.
An institutional investor recently raised its position in PetroQuest Energy stock. Central Square Management LLC boosted its position in PetroQuest Energy Inc. (NYSE:PQ) by 53.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,015,716 shares of the energy company’s stock after buying an additional 1,052,888 shares during the period. PetroQuest Energy comprises approximately 1.7% of Central Square Management LLC’s holdings, making the stock its 12th largest position. Central Square Management LLC owned about 4.57% of PetroQuest Energy worth $1,508,000 at the end of the most recent quarter.
PetroQuest Energy, Inc is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in East Texas, Arkoma Basin, South Louisiana and the shallow waters of the Gulf of Mexico. The Company is focused in the Gulf Coast Basin with onshore properties principally in southern Louisiana and offshore properties in the shallow waters of the Gulf of Mexico shelf.
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