PetroQuest Energy Inc. (PQ) Shares Up 5.8%
PetroQuest Energy Inc. (NYSE:PQ)’s share price shot up 5.8% during trading on Thursday . The stock traded as high as $2.02 and last traded at $2.01, with a volume of 98,244 shares. The stock had previously closed at $1.90.
Several research firms recently commented on PQ. Zacks Investment Research upgraded PetroQuest Energy from a “sell” rating to a “hold” rating in a research report on Friday, June 10th. Roth Capital restated a “buy” rating on shares of PetroQuest Energy in a research report on Tuesday, July 12th. Capital One Financial Corp. cut PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 4th. Finally, Seaport Global Securities cut PetroQuest Energy from a “buy” rating to an “accumulate” rating and set a $4.00 target price for the company. in a research report on Tuesday, June 7th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. PetroQuest Energy presently has a consensus rating of “Hold” and a consensus price target of $4.34.
The stock has a 50-day moving average price of $2.69 and a 200-day moving average price of $2.63. The stock’s market capitalization is $33.49 million.
PetroQuest Energy (NYSE:PQ) last released its quarterly earnings results on Monday, August 1st. The energy company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of ($0.47) by $0.91. During the same quarter last year, the firm earned ($0.94) earnings per share. The firm earned $15.80 million during the quarter, compared to analysts’ expectations of $15.72 million. PetroQuest Energy’s revenue for the quarter was down 51.5% on a year-over-year basis. On average, equities analysts anticipate that PetroQuest Energy Inc. will post ($1.18) earnings per share for the current fiscal year.
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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