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

Several analysts have issued reports on the company. Seaport Global Securities downgraded PetroQuest Energy from a “buy” rating to an “accumulate” rating and set a $4.00 price target on the stock. in a research note on Tuesday, June 7th. Roth Capital reissued a “buy” rating on shares of PetroQuest Energy in a research note on Thursday, May 26th. Finally, Zacks Investment Research raised PetroQuest Energy from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research note on Thursday, July 7th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. PetroQuest Energy has a consensus rating of “Hold” and an average price target of $5.87.

The company’s market cap is $56.94 million. The stock’s 50 day moving average price is $3.17 and its 200-day moving average price is $2.60.

An institutional investor recently raised its position in PetroQuest Energy stock. Central Square Management LLC increased its position in shares of PetroQuest Energy Inc. (NYSE:PQ) by 53.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,015,716 shares of the energy company’s stock after buying an additional 1,052,888 shares during the period. PetroQuest Energy makes up about 1.7% of Central Square Management LLC’s investment portfolio, making the stock its 12th largest position. Central Square Management LLC owned 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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