PetroQuest Energy Inc. (NYSE:PQ)’s share price was up 9.5% on Friday . The company traded as high as $3.30 and last traded at $3.23, with a volume of 99,074 shares traded. The stock had previously closed at $2.95.

A number of equities analysts have weighed in on PQ shares. Seaport Global Securities lowered shares of PetroQuest Energy from a “buy” rating to an “accumulate” rating and set a $4.00 price target for the company. in a research report on Tuesday, June 7th. Roth Capital reiterated a “buy” rating on shares of PetroQuest Energy in a research report on Thursday, May 26th. Finally, Zacks Investment Research upgraded shares of PetroQuest Energy from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research report on Thursday, July 7th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. PetroQuest Energy currently has a consensus rating of “Hold” and a consensus price target of $5.87.

The firm has a 50-day moving average price of $3.17 and a 200 day moving average price of $2.60. The company’s market capitalization is $56.94 million.

PetroQuest Energy (NYSE:PQ) last posted its quarterly earnings results on Monday, May 2nd. The energy company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by $0.42. The business had revenue of $17.30 million for the quarter, compared to the consensus estimate of $18.37 million. During the same period in the previous year, the company earned ($1.89) earnings per share. The company’s revenue was down 48.4% compared to the same quarter last year. Equities research analysts expect that PetroQuest Energy Inc. will post ($2.01) EPS for the current year.

An institutional investor recently raised its position in PetroQuest Energy stock. Central Square Management LLC raised its position in PetroQuest Energy Inc. (NYSE:PQ) by 53.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 accounts for approximately 1.7% of Central Square Management LLC’s portfolio, 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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