Petroquest Energy Inc (PQ) Receives Average Rating of “Hold” from Analysts
Petroquest Energy Inc (NYSE:PQ) has been given a consensus rating of “Hold” by the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $2.97.
A number of brokerages recently commented on PQ. B. Riley began coverage on shares of Petroquest Energy in a research note on Monday, February 5th. They set a “neutral” rating and a $1.90 target price for the company. Roth Capital set a $5.00 target price on shares of Petroquest Energy and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, Zacks Investment Research downgraded shares of Petroquest Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 27th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its stake in Petroquest Energy by 2.9% in the second quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock valued at $111,000 after acquiring an additional 1,598 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Petroquest Energy by 288.6% in the second quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock valued at $111,000 after buying an additional 41,754 shares during the last quarter. Phoenix Investment Adviser LLC purchased a new stake in shares of Petroquest Energy in the third quarter valued at about $294,000. Finally, Vanguard Group Inc. raised its holdings in shares of Petroquest Energy by 6.6% in the second quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock valued at $1,280,000 after buying an additional 40,059 shares during the last quarter. Institutional investors own 37.49% of the company’s stock.
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About Petroquest Energy
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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