PetroQuest Energy Inc. (NYSE:PQ) shares saw unusually-strong trading volume on Thursday . Approximately 131,035 shares changed hands during mid-day 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.

A number of research analysts have issued reports on PQ shares. Seaport Global Securities cut 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. Zacks Investment Research cut PetroQuest Energy from a “buy” rating to a “hold” rating in a research report on Saturday, May 7th. Finally, Roth Capital reiterated a “buy” rating on shares of PetroQuest Energy in a research report on Thursday, May 26th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.87.

The stock’s market cap is $56.59 million. The firm has a 50 day moving average of $3.05 and a 200-day moving average of $2.45.

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 consensus estimate of ($0.16) by $0.42. During the same period in the prior year, the company posted ($1.89) EPS. The business earned $17.30 million during the quarter, compared to analyst estimates of $18.37 million. The firm’s revenue for the quarter was down 48.4% compared to the same quarter last year. On average, equities analysts anticipate that PetroQuest Energy Inc. will post ($2.59) EPS for the current year.

A hedge fund recently raised its stake in PetroQuest Energy stock. Central Square Management LLC raised 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 1.7% of Central Square Management LLC’s holdings, making the stock its 12th largest position. Central Square Management LLC owned about 4.57% of PetroQuest Energy worth $1,508,000 at the end of the most recent quarter.

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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