Equities analysts forecast that Petroquest Energy Inc (NYSE:PQ) will post sales of $29.55 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Petroquest Energy’s earnings, with the highest sales estimate coming in at $30.00 million and the lowest estimate coming in at $29.09 million. Petroquest Energy reported sales of $16.43 million during the same quarter last year, which indicates a positive year over year growth rate of 79.9%. The company is scheduled to report its next quarterly earnings results on Tuesday, March 6th.
According to Zacks, analysts expect that Petroquest Energy will report full-year sales of $29.55 million for the current year, with estimates ranging from $101.10 million to $101.88 million. For the next year, analysts forecast that the company will post sales of $131.86 million per share, with estimates ranging from $130.51 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 issued its quarterly earnings results on Wednesday, November 1st. The energy company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. The firm had revenue of $28.20 million during the quarter, compared to analysts’ expectations of $26.99 million. During the same quarter in the prior year, the firm earned ($1.31) EPS. The firm’s revenue was up 64.9% compared to the same quarter last year.
A number of analysts have weighed in on the stock. ValuEngine cut shares of Petroquest Energy from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Petroquest Energy from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research report on Tuesday, October 3rd. Finally, Roth Capital set a $5.00 target price on shares of Petroquest Energy and gave the stock a “buy” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Petroquest Energy presently has a consensus rating of “Hold” and an average price target of $3.17.
Institutional investors have recently added to or reduced their stakes in the stock. Phoenix Investment Adviser LLC purchased a new stake in shares of Petroquest Energy in the 3rd quarter worth about $294,000. Divisar Capital Management LLC increased its stake in shares of Petroquest Energy by 10.9% during 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 acquiring an additional 114,271 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of 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 acquiring an additional 17,036 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Petroquest Energy by 3.5% during the 2nd 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, Bank of New York Mellon Corp increased its stake in shares of 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 acquiring an additional 41,754 shares during the last quarter. Institutional investors and hedge funds own 38.15% of the company’s stock.
Petroquest Energy (NYSE:PQ) remained flat at $$1.69 during mid-day trading on Tuesday. The company had a trading volume of 50,500 shares, compared to its average volume of 95,305. 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 one year low of $1.59 and a one year high of $4.75.
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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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