PetroQuest Energy Inc. (NYSE:PQ) has earned an average rating of “Buy” from the eight analysts that are presently covering the company. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $5.00.
Several analysts recently issued reports on PQ shares. Capital One Financial Corp. lowered PetroQuest Energy from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 4th. Zacks Investment Research lowered PetroQuest Energy from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. Johnson Rice upgraded PetroQuest Energy from an “accumulate” rating to a “buy” rating in a report on Friday, August 26th. Seaport Global Securities upgraded PetroQuest Energy from an “accumulate” rating to a “buy” rating and increased their price objective for the stock from $4.00 to $5.00 in a report on Friday, August 26th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of PetroQuest Energy in a report on Wednesday, August 31st.
Institutional investors have recently bought and sold shares of the stock. Penn Capital Management Co. Inc. bought a new position in PetroQuest Energy during the third quarter valued at $312,000. BlackRock Institutional Trust Company N.A. raised its position in PetroQuest Energy by 2.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 412,926 shares of the energy company’s stock worth $1,429,000 after buying an additional 10,248 shares during the last quarter. 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 worth $2,661,000 after buying an additional 202,196 shares during the last quarter. Phoenix Investment Adviser LLC acquired a new position in PetroQuest Energy during the third quarter worth approximately $286,000. Finally, Mackay Shields LLC acquired a new position in PetroQuest Energy during the third quarter worth approximately $5,645,000. Institutional investors own 38.18% of the company’s stock.
PetroQuest Energy (NYSE:PQ) opened at 3.85 on Wednesday. The company has a 50-day moving average price of $3.64 and a 200-day moving average price of $3.08. PetroQuest Energy has a one year low of $1.24 and a one year high of $4.28. The stock’s market cap is $81.57 million.
PetroQuest Energy (NYSE:PQ) last announced its quarterly earnings data on Monday, October 31st. The energy company reported ($1.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.96. The company earned $17.10 million during the quarter, compared to analyst estimates of $15.40 million. During the same period last year, the company posted ($0.80) EPS. The company’s quarterly revenue was down 36.4% compared to the same quarter last year. On average, analysts anticipate that PetroQuest Energy will post ($2.01) earnings per share for the current year.