Shares of Petroquest Energy Inc (NYSE:PQ) have been assigned an average rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $3.50.

A number of research firms recently weighed in on PQ. Seaport Global Securities lowered shares of Petroquest Energy from a “buy” rating to a “neutral” rating and cut their target price for the stock from $6.00 to $2.00 in a research note on Wednesday, June 21st. Zacks Investment Research upgraded shares of Petroquest Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st. Capital One Financial Corporation lowered shares of Petroquest Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. ValuEngine upgraded shares of Petroquest Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, Roth Capital set a $5.00 target price on shares of Petroquest Energy and gave the stock a “buy” rating in a research note on Monday, July 31st.

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Petroquest Energy (NYSE:PQ) opened at 1.69 on Tuesday. The stock’s market cap is $35.92 million. Petroquest Energy has a 52-week low of $1.66 and a 52-week high of $4.75. The firm’s 50-day moving average is $1.95 and its 200-day moving average is $2.65.

Petroquest Energy (NYSE:PQ) last released its earnings results on Wednesday, August 2nd. The energy company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.05. The firm had revenue of $24.25 million for the quarter, compared to analysts’ expectations of $23.38 million. During the same quarter in the previous year, the company posted ($1.38) earnings per share. The firm’s quarterly revenue was up 53.3% on a year-over-year basis. Equities research analysts predict that Petroquest Energy will post ($0.48) earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Northern Trust Corp raised its position in shares of Petroquest Energy by 2.9% in the second quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock valued at $111,000 after buying an additional 1,598 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Petroquest Energy by 288.6% in the second quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock valued at $111,000 after buying an additional 41,754 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Petroquest Energy during the fourth quarter valued at approximately $237,000. Phoenix Investment Adviser LLC raised its position in shares of Petroquest Energy by 1.6% in the first quarter. Phoenix Investment Adviser LLC now owns 83,965 shares of the energy company’s stock valued at $230,000 after buying an additional 1,346 shares in the last quarter. Finally, Parkwood LLC raised its position in shares of Petroquest Energy by 3,428.6% in the first quarter. Parkwood LLC now owns 166,727 shares of the energy company’s stock valued at $457,000 after buying an additional 162,002 shares in the last quarter. Institutional investors own 41.18% of the company’s stock.

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.

Analyst Recommendations for Petroquest Energy (NYSE:PQ)

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