PetroQuest Energy Inc. (PQ) Shares Up 26.7%
PetroQuest Energy Inc. (NYSE:PQ) was up 26.7% during mid-day trading on Friday . The company traded as high as $2.58 and last traded at $2.23, with a volume of 3,042,648 shares traded. The stock had previously closed at $1.76.
A number of research firms recently commented on PQ. Seaport Global Securities raised PetroQuest Energy from an “accumulate” rating to a “buy” rating and raised their target price for the stock from $4.00 to $5.00 in a research note on Friday. Johnson Rice raised PetroQuest Energy from an “accumulate” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised PetroQuest Energy from a “sell” rating to a “hold” rating in a research note on Friday, June 10th. Roth Capital reissued a “buy” rating on shares of PetroQuest Energy in a research note on Tuesday, July 12th. Finally, Capital One Financial Corp. cut PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.59.
The stock’s 50 day moving average price is $2.54 and its 200 day moving average price is $2.63. The firm’s market capitalization is $40.92 million.
PetroQuest Energy (NYSE:PQ) last posted its earnings results on Monday, August 1st. The energy company reported ($1.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.47) by $0.91. The company had revenue of $15.80 million for the quarter, compared to the consensus estimate of $15.72 million. During the same period last year, the firm earned ($0.94) earnings per share. The firm’s revenue was down 51.5% compared to the same quarter last year. On average, analysts forecast that PetroQuest Energy Inc. will post ($1.18) earnings per share for the current 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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