Q3 2016 Earnings Estimate for PetroQuest Energy Inc. Issued By Capital One Financial Corp. (PQ)
PetroQuest Energy Inc. (NYSE:PQ) – Capital One Financial Corp. cut their Q3 2016 earnings per share (EPS) estimates for shares of PetroQuest Energy in a report issued on Monday. Capital One Financial Corp. analyst R. Tullis now forecasts that the brokerage will post earnings of ($0.23) per share for the quarter, down from their prior estimate of ($0.22). Capital One Financial Corp. currently has a “Overweight” rating and a $5.00 price objective on the stock. Capital One Financial Corp. also issued estimates for PetroQuest Energy’s Q4 2016 earnings at ($0.23) EPS and FY2017 earnings at ($0.20) EPS.
Several other brokerages have also recently commented on PQ. Seaport Global Securities upgraded shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating and boosted their price target for the stock from $4.00 to $5.00 in a research report on Friday, August 26th. Stifel Nicolaus reiterated a “hold” rating on shares of PetroQuest Energy in a research report on Wednesday, August 31st. Roth Capital reiterated a “buy” rating on shares of PetroQuest Energy in a research report on Tuesday, July 12th. Johnson Rice upgraded shares of PetroQuest Energy from an “accumulate” rating to a “buy” rating in a research report on Friday, August 26th. Finally, Zacks Investment Research cut shares of PetroQuest Energy from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.67.
Shares of PetroQuest Energy (NYSE:PQ) opened at 4.08 on Wednesday. PetroQuest Energy has a 52-week low of $1.24 and a 52-week high of $5.64. The company has a 50 day moving average of $3.13 and a 200 day moving average of $2.89. The firm’s market capitalization is $71.92 million.
PetroQuest Energy (NYSE:PQ) last released its 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 company had revenue of $15.80 million for the quarter, compared to analyst estimates of $15.72 million. During the same quarter in the previous year, the company earned ($0.94) earnings per share. The business’s revenue was down 51.5% on a year-over-year basis.
A number of hedge funds have recently bought and sold shares of PQ. Spark Investment Management LLC bought a new stake in PetroQuest Energy during the first quarter valued at about $162,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of PetroQuest Energy during the second quarter worth $376,000. Renaissance Technologies LLC increased its position in shares of PetroQuest Energy by 1.7% in the first quarter. Renaissance Technologies LLC now owns 629,654 shares of the energy company’s stock worth $382,000 after buying an additional 10,595 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of PetroQuest Energy during the first quarter worth $1,208,000. Hedge funds and other institutional investors own 36.01% of the company’s stock.
PetroQuest Energy Company Profile
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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