Petroquest Energy Inc (NYSE:PQ) has received an average rating of “Buy” from the six research firms that are presently covering the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.13.
PQ has been the subject of several research analyst reports. Roth Capital set a $7.00 price target on shares of Petroquest Energy and gave the company a “buy” rating in a research report on Wednesday, March 8th. Zacks Investment Research downgraded shares of Petroquest Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 9th.
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In other news, Director Joseph Gerard Jolly purchased 50,000 shares of Petroquest Energy stock in a transaction that occurred on Friday, March 10th. The stock was acquired at an average price of $3.27 per share, for a total transaction of $163,500.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 10.80% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GRT Capital Partners L.L.C. raised its position in Petroquest Energy by 6.7% in the fourth quarter. GRT Capital Partners L.L.C. now owns 55,040 shares of the energy company’s stock valued at $182,000 after buying an additional 3,479 shares in the last quarter. Oxford Asset Management bought a new position in Petroquest Energy during the fourth quarter valued at $178,000. Phoenix Investment Adviser LLC bought a new position in Petroquest Energy during the third quarter valued at $286,000. Renaissance Technologies LLC raised its position in Petroquest Energy by 29.4% in the fourth quarter. Renaissance Technologies LLC now owns 372,189 shares of the energy company’s stock valued at $1,232,000 after buying an additional 84,564 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in Petroquest Energy by 35.7% in the third quarter. Oppenheimer & Co. Inc. now owns 769,025 shares of the energy company’s stock valued at $2,661,000 after buying an additional 202,196 shares in the last quarter. Hedge funds and other institutional investors own 39.61% of the company’s stock.
Shares of Petroquest Energy (NYSE:PQ) opened at 2.79 on Monday. Petroquest Energy has a 52 week low of $1.71 and a 52 week high of $4.75. The stock’s 50 day moving average is $3.82 and its 200 day moving average is $3.69. The stock’s market capitalization is $59.21 million.
Petroquest Energy (NYSE:PQ) last released its earnings results on Tuesday, March 7th. The energy company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.31) by $0.15. The company had revenue of $16.40 million for the quarter, compared to analyst estimates of $16.63 million. During the same period in the previous year, the company posted ($0.98) earnings per share. Petroquest Energy’s revenue was down 29.0% on a year-over-year basis. Analysts anticipate that Petroquest Energy will post ($0.30) EPS for the current fiscal year.
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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