FY2017 EPS Estimates for Petroquest Energy Inc Raised by Capital One Financial (PQ)
Petroquest Energy Inc (NYSE:PQ) – Analysts at Capital One Financial raised their FY2017 earnings per share (EPS) estimates for shares of Petroquest Energy in a report released on Tuesday. Capital One Financial analyst R. Tullis now anticipates that the energy company will post earnings per share of ($0.56) for the year, up from their previous forecast of ($0.57).
Other analysts have also recently issued research reports about the company. B. Riley assumed coverage on Petroquest Energy in a research report on Monday, February 5th. They set a “neutral” rating and a $1.90 target price on the stock. Zacks Investment Research cut Petroquest Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Roth Capital set a $5.00 target price on Petroquest Energy and gave the company a “buy” rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.85.
Several institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of Petroquest Energy by 2.9% during the 2nd quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock valued at $111,000 after purchasing an additional 1,598 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Petroquest Energy by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock valued at $1,280,000 after purchasing an additional 40,059 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Petroquest Energy by 288.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock valued at $111,000 after purchasing an additional 41,754 shares during the last quarter. Finally, Phoenix Investment Adviser LLC purchased a new stake in shares of Petroquest Energy during the 3rd quarter valued at $294,000. Hedge funds and other institutional investors own 37.49% of the company’s stock.
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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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