Petroquest Energy Inc (NYSE:PQ) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday, October 27th.
According to Zacks, “PetroQuest Energy, Inc. is an oil and gas exploration and production company primarily focused on growing its reserves and shareholder value through a combination of drilling development locations and high potential exploration prospects along and in the Gulf of Mexico. “
Several other analysts also recently weighed in on the company. ValuEngine upgraded Petroquest Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Roth Capital set a $5.00 target price on Petroquest Energy and gave the stock a “buy” rating in a report on Monday, July 31st. One 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. The company has an average rating of “Hold” and an average target price of $3.17.
Shares of Petroquest Energy (NYSE:PQ) traded down $0.05 during trading on Friday, hitting $1.85. The stock had a trading volume of 28,000 shares, compared to its average volume of 97,767. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of -1.20. Petroquest Energy has a 12 month low of $1.59 and a 12 month high of $4.75.
Petroquest Energy (NYSE:PQ) last posted its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.02. The business had revenue of $28.20 million for the quarter, compared to analyst estimates of $26.99 million. The firm’s quarterly revenue was up 64.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.31) earnings per share. equities research analysts predict that Petroquest Energy will post -0.65 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Divisar Capital Management LLC raised its stake in shares of Petroquest Energy by 10.9% in the 2nd quarter. Divisar Capital Management LLC now owns 1,167,162 shares of the energy company’s stock valued at $2,311,000 after purchasing an additional 114,271 shares during the period. Renaissance Technologies LLC increased its position in shares of Petroquest Energy by 4.6% in the first quarter. Renaissance Technologies LLC now owns 389,225 shares of the energy company’s stock valued at $1,066,000 after acquiring an additional 17,036 shares during the last quarter. Parkwood LLC increased its position in shares of Petroquest Energy by 143.3% in the second quarter. Parkwood LLC now owns 405,584 shares of the energy company’s stock valued at $803,000 after acquiring an additional 238,857 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Petroquest Energy by 3.5% in the second quarter. Oppenheimer & Co. Inc. now owns 1,101,609 shares of the energy company’s stock valued at $2,181,000 after acquiring an additional 37,584 shares during the last quarter. Finally, Phoenix Investment Adviser LLC acquired a new stake in shares of Petroquest Energy in the third quarter valued at about $294,000. 37.02% of the stock is currently owned by hedge funds and other institutional investors.
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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