Analysts expect Petroquest Energy Inc (NYSE:PQ) to post $31.91 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Petroquest Energy’s earnings. The lowest sales estimate is $30.80 million and the highest is $33.34 million. Petroquest Energy posted sales of $16.43 million during the same quarter last year, which would indicate a positive year over year growth rate of 94.2%. The business is expected to announce its next earnings results on Tuesday, March 6th.
On average, analysts expect that Petroquest Energy will report full-year sales of $31.91 million for the current fiscal year, with estimates ranging from $103.50 million to $106.55 million. For the next year, analysts expect that the firm will post sales of $130.76 million per share, with estimates ranging from $114.20 million to $139.69 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Petroquest Energy.
PQ has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Petroquest Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Roth Capital set a $5.00 price target on shares of Petroquest Energy and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, B. Riley initiated coverage on shares of Petroquest Energy in a research note on Monday, February 5th. They issued a “neutral” rating and a $1.90 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $2.85.
A number of large investors have recently modified their holdings of the business. Northern Trust Corp raised its position in Petroquest Energy by 2.9% in the 2nd quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock worth $111,000 after buying an additional 1,598 shares during the last quarter. Vanguard Group Inc. raised its position in Petroquest Energy by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock worth $1,280,000 after buying an additional 40,059 shares during the last quarter. Bank of New York Mellon Corp raised its position in Petroquest Energy by 288.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock worth $111,000 after buying an additional 41,754 shares during the last quarter. Renaissance Technologies LLC raised its position in Petroquest Energy by 16.8% in the 4th quarter. Renaissance Technologies LLC now owns 452,825 shares of the energy company’s stock worth $856,000 after buying an additional 65,100 shares during the last quarter. Finally, Phoenix Investment Adviser LLC purchased a new position in Petroquest Energy in the 3rd quarter worth about $294,000. 37.88% of the stock is owned by institutional investors and hedge funds.
Shares of Petroquest Energy (NYSE:PQ) remained flat at $$1.53 during trading on Friday. The stock had a trading volume of 14,624 shares, compared to its average volume of 105,127. Petroquest Energy has a 12-month low of $1.39 and a 12-month high of $4.75. The company has a debt-to-equity ratio of -1.20, a current ratio of 0.59 and a quick ratio of 0.59.
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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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