Petroquest Energy Inc (NYSE:PQ) – Equities research analysts at Seaport Global Securities dropped their Q2 2018 earnings estimates for shares of Petroquest Energy in a report issued on Tuesday, April 24th. Seaport Global Securities analyst M. Kelly now forecasts that the energy company will post earnings of ($0.28) per share for the quarter, down from their previous estimate of ($0.27). Seaport Global Securities also issued estimates for Petroquest Energy’s Q3 2018 earnings at ($0.28) EPS, Q4 2018 earnings at ($0.20) EPS, FY2018 earnings at ($0.94) EPS, Q1 2019 earnings at ($0.19) EPS, Q2 2019 earnings at ($0.22) EPS, Q3 2019 earnings at ($0.20) EPS, Q4 2019 earnings at ($0.16) EPS and FY2019 earnings at ($0.77) EPS.
Petroquest Energy (NYSE:PQ) last released its earnings results on Monday, March 5th. The energy company reported ($0.02) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). The company had revenue of $35.10 million during the quarter, compared to the consensus estimate of $31.78 million. During the same quarter in the previous year, the business posted ($0.46) EPS. The firm’s quarterly revenue was up 114.0% on a year-over-year basis.
Other research analysts have also recently issued research reports about the stock. B. Riley began coverage on shares of Petroquest Energy in a research note on Monday, February 5th. They set a “neutral” rating and a $1.90 price target for the company. Zacks Investment Research cut shares of Petroquest Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 18th. Finally, Roth Capital cut shares of Petroquest Energy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $5.00 to $1.75 in a research note on Monday, April 9th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Petroquest Energy presently has an average rating of “Hold” and an average price target of $2.04.
Shares of PQ opened at $0.57 on Thursday. The stock has a market cap of $15.27, a price-to-earnings ratio of -1.03 and a beta of 2.21. The company has a debt-to-equity ratio of -1.24, a current ratio of 0.91 and a quick ratio of 0.91. Petroquest Energy has a 12 month low of $0.47 and a 12 month high of $2.65.
A number of institutional investors and hedge funds have recently made changes to their positions in PQ. Franklin Resources Inc. bought a new position in Petroquest Energy during the fourth quarter worth about $4,234,000. Renaissance Technologies LLC lifted its stake in Petroquest Energy by 16.8% during the fourth quarter. Renaissance Technologies LLC now owns 452,825 shares of the energy company’s stock worth $856,000 after purchasing an additional 65,100 shares during the period. Vanguard Group Inc. lifted its stake in Petroquest Energy by 6.6% during the second quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock worth $1,280,000 after purchasing an additional 40,059 shares during the period. Finally, Northern Trust Corp lifted its stake in Petroquest Energy by 2.9% during the second quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock worth $111,000 after purchasing an additional 1,598 shares during the period. Hedge funds and other institutional investors own 39.99% of the company’s stock.
Petroquest Energy Company Profile
PetroQuest Energy, Inc engages in the development and exploration of oil and gas properties. Its projects include Arkoma Basin, Wyoming, Texas, and South Louisiana. The company was founded in 1985 and is headquartered in Lafayette, LA.
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