Petroquest Energy Inc (NYSE:PQ) – Investment analysts at Seaport Global Securities decreased their FY2017 earnings estimates for Petroquest Energy in a research note issued to investors on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now forecasts that the energy company will earn ($0.70) per share for the year, down from their previous forecast of ($0.69). Seaport Global Securities also issued estimates for Petroquest Energy’s Q1 2018 earnings at ($0.15) EPS, Q2 2018 earnings at ($0.14) EPS, Q3 2018 earnings at ($0.06) EPS, Q4 2018 earnings at ($0.04) EPS and FY2018 earnings at ($0.40) EPS.
Petroquest Energy (NYSE:PQ) last released its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $28.20 million for the quarter, compared to analysts’ expectations of $26.99 million. During the same period last year, the firm earned ($1.31) EPS. The business’s quarterly revenue was up 64.9% on a year-over-year basis.
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Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Petroquest Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Roth Capital set a $5.00 price target on shares of Petroquest Energy and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, ValuEngine lowered shares of Petroquest Energy from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $3.17.
Petroquest Energy (PQ) traded down $0.05 on Thursday, hitting $1.85. 28,000 shares of the stock traded hands, compared to its average volume of 97,767. Petroquest Energy has a one year low of $1.59 and a one year high of $4.75. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of -1.20.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp boosted its holdings 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 valued at $111,000 after buying an additional 1,598 shares during the period. Bank of New York Mellon Corp boosted its stake in Petroquest Energy by 288.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock valued at $111,000 after purchasing an additional 41,754 shares during the period. Phoenix Investment Adviser LLC acquired a new position in Petroquest Energy during the 3rd quarter valued at about $294,000. Renaissance Technologies LLC boosted its stake in Petroquest Energy by 4.6% during the 1st quarter. Renaissance Technologies LLC now owns 389,225 shares of the energy company’s stock valued at $1,066,000 after purchasing an additional 17,036 shares during the period. Finally, Parkwood LLC boosted its stake in Petroquest Energy by 143.3% during the 2nd quarter. Parkwood LLC now owns 405,584 shares of the energy company’s stock valued at $803,000 after purchasing an additional 238,857 shares during the period. 37.02% of the stock is owned by institutional investors and hedge funds.
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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