Q2 2017 EPS Estimates for Petroquest Energy Inc (PQ) Raised by Analyst
Petroquest Energy Inc (NYSE:PQ) – Equities research analysts at Seaport Global Securities raised their Q2 2017 earnings estimates for shares of Petroquest Energy in a report issued on Thursday. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will post earnings per share of ($0.24) for the quarter, up from their prior estimate of ($0.27). Seaport Global Securities currently has a “Neutral” rating and a $2.00 price target on the stock. Seaport Global Securities also issued estimates for Petroquest Energy’s Q3 2017 earnings at ($0.15) EPS, Q4 2017 earnings at ($0.12) EPS, FY2017 earnings at ($0.74) EPS, Q1 2018 earnings at ($0.17) EPS, Q2 2018 earnings at ($0.16) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.06) EPS and FY2018 earnings at ($0.47) EPS.
Petroquest Energy (NYSE:PQ) last posted its quarterly earnings results on Wednesday, May 3rd. The energy company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.06. The company had revenue of $20.77 million during the quarter, compared to analysts’ expectations of $19.92 million.
Several other brokerages have also issued reports on PQ. Roth Capital set a $7.00 price objective on Petroquest Energy and gave the company a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research downgraded Petroquest Energy from a “buy” rating to a “sell” rating in a research report on Wednesday, April 5th. ValuEngine downgraded Petroquest Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Finally, Capital One Financial Corporation downgraded Petroquest Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Petroquest Energy presently has an average rating of “Hold” and a consensus price target of $4.38.
Shares of Petroquest Energy (PQ) opened at 2.06 on Monday. The stock’s market capitalization is $43.71 million. Petroquest Energy has a 52-week low of $1.66 and a 52-week high of $4.75. The stock has a 50 day moving average of $2.16 and a 200-day moving average of $3.09.
A number of institutional investors have recently added to or reduced their stakes in the company. Divisar Capital Management LLC increased its position in Petroquest Energy by 90.1% in the first quarter. Divisar Capital Management LLC now owns 1,052,891 shares of the energy company’s stock worth $2,885,000 after buying an additional 498,953 shares during the period. Renaissance Technologies LLC increased its position in Petroquest Energy by 4.6% in the first quarter. Renaissance Technologies LLC now owns 389,225 shares of the energy company’s stock worth $1,066,000 after buying an additional 17,036 shares during the period. Phoenix Investment Adviser LLC increased its position in Petroquest Energy by 1.6% in the first quarter. Phoenix Investment Adviser LLC now owns 83,965 shares of the energy company’s stock worth $230,000 after buying an additional 1,346 shares during the period. Parkwood LLC increased its position in Petroquest Energy by 3,428.6% in the first quarter. Parkwood LLC now owns 166,727 shares of the energy company’s stock worth $457,000 after buying an additional 162,002 shares during the period. Finally, Macquarie Group Ltd. purchased a new position in Petroquest Energy during the fourth quarter worth $237,000. 40.35% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Joseph Gerard Jolly purchased 20,000 shares of Petroquest Energy stock in a transaction on Tuesday, May 9th. The stock was purchased at an average price of $2.28 per share, with a total value of $45,600.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.40% of the company’s stock.
Petroquest Energy Company Profile
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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