PetroQuest Energy Inc. (PQ) Shares Up 26.7%
PetroQuest Energy Inc. (NYSE:PQ)’s share price was up 26.7% during trading on Friday . The company traded as high as $2.58 and last traded at $2.23, with a volume of 3,042,648 shares. The stock had previously closed at $1.76.
A number of equities analysts recently commented on PQ shares. 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 report on Tuesday, June 7th. Roth Capital reaffirmed a “buy” rating on shares of PetroQuest Energy in a report on Thursday, May 26th. Zacks Investment Research raised PetroQuest Energy from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Thursday, July 7th. Johnson Rice raised PetroQuest Energy from an “accumulate” rating to a “buy” rating in a report on Friday. Finally, Capital One Financial Corp. cut PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $4.59.
The firm’s market capitalization is $41.60 million. The stock has a 50 day moving average price of $2.52 and a 200 day moving average price of $2.63.
PetroQuest Energy (NYSE:PQ) last released its quarterly earnings results on Monday, August 1st. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by $0.91. The business had revenue of $15.80 million for the quarter, compared to analyst estimates of $15.72 million. During the same quarter in the prior year, the company earned ($0.94) earnings per share. The company’s revenue was down 51.5% on a year-over-year basis. Equities research analysts expect that PetroQuest Energy Inc. will post ($1.18) earnings per share for the current fiscal 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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