PetroQuest Energy Inc. (NYSE:PQ) shares saw strong trading volume on Thursday . 131,035 shares traded hands during trading, an increase of 44% from the previous session’s volume of 90,738 shares.The stock last traded at $3.06 and had previously closed at $3.26.

PQ has been the topic of a number of recent research reports. Seaport Global Securities downgraded shares of PetroQuest Energy from a “buy” rating to an “accumulate” rating and set a $4.00 price target on the stock. in a report on Tuesday, June 7th. Zacks Investment Research upgraded shares of PetroQuest Energy from a “sell” rating to a “hold” rating in a report on Friday, June 10th. Finally, Roth Capital restated a “buy” rating on shares of PetroQuest Energy in a report on Thursday, May 26th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. PetroQuest Energy has a consensus rating of “Hold” and a consensus target price of $5.87.

The company has a 50-day moving average of $3.02 and a 200 day moving average of $2.44. The stock’s market cap is $55.18 million.

PetroQuest Energy (NYSE:PQ) last issued its earnings results on Monday, May 2nd. The energy company reported ($0.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by $0.42. The business had revenue of $17.30 million for the quarter, compared to analysts’ expectations of $18.37 million. The business’s quarterly revenue was down 48.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.89) earnings per share. Analysts expect that PetroQuest Energy Inc. will post ($2.59) earnings per share for the current fiscal year.

An institutional investor recently raised its position in PetroQuest Energy stock. Central Square Management LLC boosted its stake in shares of PetroQuest Energy Inc. (NYSE:PQ) by 53.6% during the fourth quarter, Holdings Channel reports. The fund owned 3,015,716 shares of the energy company’s stock after buying an additional 1,052,888 shares during the period. PetroQuest Energy comprises approximately 1.7% of Central Square Management LLC’s holdings, making the stock its 12th largest position. Central Square Management LLC owned approximately 4.57% of PetroQuest Energy worth $1,508,000 as of its most recent filing with the SEC.

PetroQuest Energy, Inc is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in East Texas, Arkoma Basin, South Louisiana and the shallow waters of the Gulf of Mexico. The Company is focused in the Gulf Coast Basin with onshore properties principally in southern Louisiana and offshore properties in the shallow waters of the Gulf of Mexico shelf.

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