Petroquest Energy Inc (NYSE:PQ) – Analysts at Seaport Global Securities increased their Q2 2017 earnings estimates for Petroquest Energy in a report issued on Thursday. Seaport Global Securities analyst M. Kelly now expects that the energy company will post earnings of ($0.24) per share for the quarter, up from their previous forecast of ($0.27). Seaport Global Securities 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 announced its earnings results on Wednesday, May 3rd. The energy company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.06. The business had revenue of $20.77 million for the quarter, compared to analysts’ expectations of $19.92 million.
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PQ has been the topic of several other reports. ValuEngine downgraded Petroquest Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Capital One Financial Corporation downgraded Petroquest Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 21st. Roth Capital set a $7.00 price objective on Petroquest Energy and gave the company a “buy” rating in a research report on Monday, May 22nd. Finally, Zacks Investment Research upgraded Petroquest Energy from a “sell” rating to a “hold” rating in a research report on Thursday, June 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $4.38.
Petroquest Energy (NYSE PQ) opened at 2.03 on Monday. The stock’s 50 day moving average price is $2.05 and its 200-day moving average price is $2.92. Petroquest Energy has a 12 month low of $1.66 and a 12 month high of $4.75. The stock’s market cap is $43.08 million.
Several large investors have recently bought and sold shares of PQ. Divisar Capital Management LLC raised its stake 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 raised its stake 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 raised its stake 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 raised its stake 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. bought a new stake in Petroquest Energy during the fourth quarter worth about $237,000. Institutional investors and hedge funds own 40.35% of the company’s stock.
In other Petroquest Energy news, Director Joseph Gerard Jolly bought 20,000 shares of Petroquest Energy stock in a transaction that occurred on Tuesday, May 9th. The shares were purchased at an average cost of $2.28 per share, for a total transaction of $45,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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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