PetroQuest Energy Inc. (PQ) Sees Unusually-High Trading Volume
PetroQuest Energy Inc. (NYSE:PQ) shares saw unusually-high trading volume on Tuesday . Approximately 701,654 shares changed hands during mid-day 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.
PQ has been the topic of several research analyst reports. Seaport Global Securities lowered 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. Roth Capital reaffirmed a “buy” rating on shares of PetroQuest Energy in a research report on Thursday, May 26th. Zacks Investment Research upgraded PetroQuest Energy from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a research note on Thursday, July 7th. Johnson Rice upgraded PetroQuest Energy from an “accumulate” rating to a “buy” rating in a research note on Friday, August 26th. Finally, Capital One Financial Corp. downgraded PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 4th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $4.59.
The stock’s market capitalization is $54.29 million. The stock’s 50 day moving average price is $2.52 and its 200-day moving average price is $2.66.
PetroQuest Energy (NYSE:PQ) last released its quarterly earnings data on Monday, August 1st. The energy company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of ($0.47) by $0.91. During the same period in the previous year, the company posted ($0.94) earnings per share. The firm earned $15.80 million during the quarter, compared to analyst estimates of $15.72 million. The firm’s quarterly revenue was down 51.5% on a year-over-year basis. On average, analysts forecast 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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