Equities analysts predict that Petroquest Energy Inc (NYSE:PQ) will report sales of $26.13 million for the current quarter, according to Zacks. Two analysts have provided estimates for Petroquest Energy’s earnings. The highest sales estimate is $26.40 million and the lowest is $25.85 million. Petroquest Energy reported sales of $17.09 million during the same quarter last year, which would suggest a positive year over year growth rate of 52.9%. The firm is scheduled to issue its next earnings results on Monday, October 30th.

According to Zacks, analysts expect that Petroquest Energy will report full year sales of $26.13 million for the current year, with estimates ranging from $100.45 million to $101.30 million. For the next financial year, analysts expect that the business will report sales of $132.98 million per share, with estimates ranging from $132.75 million to $133.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Petroquest Energy.

Petroquest Energy (NYSE:PQ) last posted its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.05. The company had revenue of $24.25 million during the quarter, compared to the consensus estimate of $23.38 million. During the same period last year, the firm posted ($1.38) earnings per share. The company’s revenue for the quarter was up 53.3% on a year-over-year basis.

Several equities research analysts have recently commented on PQ shares. ValuEngine cut shares of Petroquest Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Seaport Global Securities cut shares of Petroquest Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $6.00 to $2.00 in a research report on Wednesday, June 21st. Roth Capital set a $7.00 target price on shares of Petroquest Energy and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research raised shares of Petroquest Energy from a “sell” rating to a “hold” rating in a research report on Thursday, June 1st. Finally, Capital One Financial Corporation cut shares of Petroquest Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $3.88.

Several large investors have recently bought and sold shares of PQ. Northern Trust Corp lifted its position in shares of Petroquest Energy by 2.9% in the 2nd quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock worth $111,000 after purchasing an additional 1,598 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Petroquest Energy by 288.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock worth $111,000 after acquiring an additional 41,754 shares in the last quarter. Parkwood LLC increased its stake in shares of Petroquest Energy by 143.3% in the 2nd quarter. Parkwood LLC now owns 405,584 shares of the energy company’s stock worth $803,000 after acquiring an additional 238,857 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Petroquest Energy by 4.6% in the 1st quarter. Renaissance Technologies LLC now owns 389,225 shares of the energy company’s stock worth $1,066,000 after acquiring an additional 17,036 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Petroquest Energy by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock worth $1,280,000 after acquiring an additional 40,059 shares in the last quarter. 37.48% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This report was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2017/09/19/petroquest-energy-inc-pq-expected-to-post-quarterly-sales-of-26-13-million.html.

Shares of Petroquest Energy (NYSE PQ) opened at 2.06 on Tuesday. The company’s market capitalization is $43.79 million. Petroquest Energy has a 1-year low of $1.66 and a 1-year high of $4.75. The firm has a 50-day moving average of $1.91 and a 200 day moving average of $2.28.

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.

Get a free copy of the Zacks research report on Petroquest Energy (PQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Petroquest Energy (NYSE:PQ)

Receive News & Ratings for Petroquest Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petroquest Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.