PetroQuest Energy Inc. (PQ) Shares Up 5.8%
Shares of PetroQuest Energy Inc. (NYSE:PQ) shot up 5.8% during trading on Thursday . The stock traded as high as $2.02 and last traded at $2.01, with a volume of 98,244 shares changing hands. The stock had previously closed at $1.90.
Several research firms recently commented on PQ. Zacks Investment Research upgraded PetroQuest Energy from a “sell” rating to a “hold” rating in a research report on Friday, June 10th. Roth Capital restated a “buy” rating on shares of PetroQuest Energy in a research report on Thursday, May 26th. Seaport Global Securities cut PetroQuest Energy from a “buy” rating to an “accumulate” rating and set a $4.00 target price on the stock. in a research report on Tuesday, June 7th. Finally, Capital One Financial Corp. cut PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 4th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $4.34.
The stock’s 50-day moving average price is $2.77 and its 200 day moving average price is $2.63. The stock’s market capitalization is $35.25 million.
PetroQuest Energy (NYSE:PQ) last released its earnings results on Monday, August 1st. The energy company reported ($1.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by $0.91. The company earned $15.80 million during the quarter, compared to analyst estimates of $15.72 million. During the same quarter in the previous year, the business posted ($0.94) earnings per share. The firm’s quarterly revenue was down 51.5% compared to the same quarter last year. On average, equities research analysts predict that PetroQuest Energy Inc. will post ($1.18) earnings per share for the current year.
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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