Shares of Petroquest Energy Inc (NYSE:PQ) have been given an average rating of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $1.88.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Petroquest Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 18th. Roth Capital lowered Petroquest Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $5.00 to $1.75 in a research report on Monday, April 9th.
A hedge fund recently bought a new stake in Petroquest Energy stock. Franklin Resources Inc. bought a new position in Petroquest Energy Inc (NYSE:PQ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,240,000 shares of the energy company’s stock, valued at approximately $4,234,000. Franklin Resources Inc. owned about 10.53% of Petroquest Energy at the end of the most recent reporting period. 39.11% of the stock is currently owned by institutional investors.
Petroquest Energy remained flat at $$0.58 during mid-day trading on Monday, Marketbeat Ratings reports. The company has a market capitalization of $14.75 million, a price-to-earnings ratio of -1.05 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 1 year low of $0.47 and a 1 year high of $2.55.
About Petroquest Energy
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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