PetroQuest Energy Inc. (PQ) Sees Unusually-High Trading Volume
Shares of PetroQuest Energy Inc. (NYSE:PQ) saw an uptick in trading volume on Tuesday . 701,654 shares changed hands during trading, an increase of 88% from the previous session’s volume of 373,518 shares.The stock last traded at $2.86 and had previously closed at $2.36.
Several brokerages have recently issued reports on PQ. Seaport Global Securities raised shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating and increased their price objective for the stock from $4.00 to $5.00 in a research report on Friday. Johnson Rice upgraded shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating in a report on Friday. Zacks Investment Research cut shares of PetroQuest Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. Capital One Financial Corp. cut shares of PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 4th. Finally, Roth Capital restated a “buy” rating on shares of PetroQuest Energy in a report on Tuesday, July 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $4.59.
The stock’s market capitalization is $56.76 million. The company’s 50 day moving average price is $2.50 and its 200 day moving average price is $2.65.
PetroQuest Energy (NYSE:PQ) last issued its quarterly earnings results on Monday, August 1st. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.47) by $0.91. The firm had revenue of $15.80 million for the quarter, compared to analysts’ expectations of $15.72 million. During the same quarter in the prior year, the business earned ($0.94) EPS. The business’s revenue for the quarter was down 51.5% on a year-over-year basis. On average, equities analysts expect that PetroQuest Energy Inc. will post ($1.18) EPS 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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