PetroQuest Energy Inc. (PQ) Upgraded to Overweight at Capital One Financial Corp.
Capital One Financial Corp. upgraded shares of PetroQuest Energy Inc. (NYSE:PQ) from an equal weight rating to an overweight rating in a research note released on Monday morning. The brokerage currently has $5.00 price objective on the energy company’s stock.
A number of other equities analysts also recently commented on PQ. Zacks Investment Research upgraded PetroQuest Energy from a hold rating to a buy rating and set a $3.75 price objective on the stock in a research report on Thursday, July 7th. Roth Capital reiterated a buy rating on shares of PetroQuest Energy in a research report on Tuesday, July 12th. Johnson Rice upgraded PetroQuest Energy from an accumulate rating to a buy rating in a research report on Friday, August 26th. Seaport Global Securities upgraded PetroQuest Energy from an accumulate rating to a buy rating and lifted their price objective for the stock from $4.00 to $5.00 in a research report on Friday, August 26th. Finally, Stifel Nicolaus reiterated a hold rating on shares of PetroQuest Energy in a research report on Wednesday, August 31st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $4.67.
PetroQuest Energy (NYSE:PQ) opened at 4.08 on Monday. The company’s market cap is $71.92 million. The stock’s 50 day moving average price is $3.19 and its 200-day moving average price is $2.90. PetroQuest Energy has a 52-week low of $1.24 and a 52-week high of $5.40.
PetroQuest Energy (NYSE:PQ) last announced its quarterly earnings data on Monday, August 1st. The energy company reported ($1.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.47) by $0.91. The company earned $15.80 million during the quarter, compared to analysts’ expectations of $15.72 million. During the same quarter last year, the firm posted ($0.94) EPS. The business’s quarterly revenue was down 51.5% compared to the same quarter last year. On average, equities analysts predict that PetroQuest Energy will post ($1.67) earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of PQ. Franklin Resources Inc. purchased a new stake in PetroQuest Energy during the first quarter valued at about $1,208,000. Renaissance Technologies LLC increased its stake in PetroQuest Energy by 1.7% in the first quarter. Renaissance Technologies LLC now owns 629,654 shares of the energy company’s stock valued at $382,000 after buying an additional 10,595 shares in the last quarter. Spark Investment Management LLC purchased a new stake in PetroQuest Energy during the first quarter valued at about $162,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in PetroQuest Energy during the second quarter valued at about $376,000. Institutional investors own 36.01% of the company’s stock.
About PetroQuest Energy
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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