PetroQuest Energy Inc. (PQ) Sees Strong Trading Volume
PetroQuest Energy Inc. (NYSE:PQ) saw unusually-high trading volume on Tuesday . Approximately 180,903 shares were traded during mid-day trading, an increase of 111% from the previous session’s volume of 85,870 shares.The stock last traded at $2.37 and had previously closed at $2.98.
PQ has been the subject of several research analyst reports. Seaport Global Securities downgraded PetroQuest Energy from a “buy” rating to an “accumulate” rating and set a $4.00 price objective for the company. 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 target price on the stock in a research report on Thursday, July 7th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.87.
The company has a 50 day moving average price of $3.15 and a 200 day moving average price of $2.63. The stock’s market capitalization is $41.78 million.
PetroQuest Energy (NYSE:PQ) last posted its quarterly earnings data on Monday, August 1st. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.47) by $0.91. During the same period in the prior year, the company earned ($0.94) earnings per share. The firm had revenue of $15.80 million for the quarter, compared to the consensus estimate of $15.72 million. The business’s revenue was down 51.5% compared to the same quarter last year. Analysts expect that PetroQuest Energy Inc. will post ($2.01) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in PetroQuest Energy stock. Central Square Management LLC raised its stake 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. 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 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 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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