The PetroQuest Energy Inc. (PQ) Upgraded at Capital One Financial Corp.

The PetroQuest Energy Inc. (PQ) Upgraded at Capital One Financial Corp.

Capital One Financial Corp. upgraded shares of PetroQuest Energy Inc. (NYSE:PQ) from an equal weight rating to an overweight rating in a research note released on Monday. Capital One Financial Corp. currently has $5.00 price target on the energy company’s stock.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of PetroQuest Energy from a hold rating to a buy rating and set a $3.75 price objective on the stock in a research report on Thursday, July 7th. Johnson Rice upgraded shares of PetroQuest Energy from an accumulate rating to a buy rating in a research report on Friday, August 26th. Roth Capital reiterated a buy rating on shares of PetroQuest Energy in a research report on Tuesday, July 12th. Seaport Global Securities upgraded shares of PetroQuest Energy from an accumulate rating to a buy rating and boosted their price objective for the company from $4.00 to $5.00 in a research report on Friday, August 26th. Finally, Stifel Nicolaus reiterated a hold rating on shares of PetroQuest Energy in a research report on Wednesday, August 31st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $4.67.

PetroQuest Energy (NYSE:PQ) opened at 4.08 on Monday. The stock’s market capitalization is $71.92 million. The company’s 50-day moving average is $3.13 and its 200-day moving average is $2.89. PetroQuest Energy has a 12 month low of $1.24 and a 12 month high of $5.64.

PetroQuest Energy (NYSE:PQ) last announced its quarterly earnings results on Monday, August 1st. The energy company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of ($0.47) by $0.91. The company had revenue of $15.80 million for the quarter, compared to the consensus estimate of $15.72 million. During the same quarter in the previous year, the company earned ($0.94) EPS. The business’s revenue was down 51.5% compared to the same quarter last year. Equities research analysts forecast that PetroQuest Energy will post ($1.67) EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. bought a new position in PetroQuest Energy during the first quarter worth approximately $1,208,000. Spark Investment Management LLC acquired a new stake in PetroQuest Energy during the first quarter worth $162,000. Renaissance Technologies LLC raised its stake in PetroQuest Energy by 1.7% in the first quarter. Renaissance Technologies LLC now owns 629,654 shares of the energy company’s stock worth $382,000 after buying an additional 10,595 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in PetroQuest Energy during the second quarter worth $376,000. Hedge funds and other institutional investors own 36.01% of the company’s stock.

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