PetroQuest Energy Inc. (NYSE:PQ) – Stock analysts at Seaport Global Securities raised their Q4 2017 earnings per share (EPS) estimates for shares of PetroQuest Energy in a note issued to investors on Tuesday. Seaport Global Securities analyst M. Kelly now forecasts that the firm will post earnings per share of $0.16 for the quarter, up from their prior forecast of $0.10.
Separately, Capital One Financial Corp. raised shares of PetroQuest Energy from an “equal weight” rating to an “overweight” rating and set a $5.00 price objective for the company in a research note on Monday, October 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $4.44.
Shares of PetroQuest Energy (NYSE:PQ) opened at 4.07 on Wednesday. The company’s market capitalization is $86.24 million. The firm has a 50-day moving average of $3.91 and a 200 day moving average of $3.31. PetroQuest Energy has a 1-year low of $1.52 and a 1-year high of $4.51.
PetroQuest Energy (NYSE:PQ) last posted its quarterly earnings results on Monday, October 31st. The energy company reported ($1.31) earnings per share for the quarter, missing the consensus estimate of ($0.35) by $0.96. The business had revenue of $17.10 million for the quarter, compared to analysts’ expectations of $15.40 million. During the same period in the prior year, the business posted ($0.80) earnings per share. The company’s quarterly revenue was down 36.4% on a year-over-year basis.
A number of large investors have recently made changes to their positions in the stock. Mackay Shields LLC purchased a new stake in shares of PetroQuest Energy during the third quarter valued at $5,645,000. Oppenheimer & Co. Inc. boosted its stake in shares of 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 during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of 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 valued at $1,429,000 after buying an additional 10,248 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of PetroQuest Energy during the second quarter valued at $376,000. Finally, Penn Capital Management Co. Inc. purchased a new stake in shares of PetroQuest Energy during the third quarter valued at $312,000. 38.19% of the stock is owned by institutional investors and hedge funds.
About PetroQuest Energy
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.