PetroQuest Energy Inc. (PQ) Stock Price Down 5.6%
PetroQuest Energy Inc. (NYSE:PQ) shares traded down 5.6% during mid-day trading on Thursday . The stock traded as low as $3.05 and last traded at $3.05, with a volume of 177,431 shares. The stock had previously closed at $3.23.
Several research analysts have issued reports on the company. Zacks Investment Research upgraded PetroQuest Energy from a “sell” rating to a “hold” rating in a report on Friday, June 10th. Roth Capital restated a “buy” rating on shares of PetroQuest Energy in a report on Thursday, May 26th. Johnson Rice upgraded PetroQuest Energy from an “accumulate” rating to a “buy” rating in a report on Friday, August 26th. Stifel Nicolaus restated a “hold” rating on shares of PetroQuest Energy in a report on Wednesday. Finally, 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 report on Tuesday, June 7th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. PetroQuest Energy currently has a consensus rating of “Hold” and an average price target of $4.59.
The company’s 50 day moving average price is $2.47 and its 200 day moving average price is $2.66. The firm’s market capitalization is $52.18 million.
PetroQuest Energy (NYSE:PQ) last announced its quarterly earnings results on Monday, August 1st. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.47) by $0.91. During the same quarter in the previous year, the company posted ($0.94) EPS. The company earned $15.80 million during the quarter, compared to the consensus estimate of $15.72 million. PetroQuest Energy’s revenue for the quarter was down 51.5% compared to the same quarter last year. On average, analysts anticipate that PetroQuest Energy Inc. will post ($1.18) EPS 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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