Notable Reporting: Is Buying Stock Like Petroquest Energy Inc After Such Increase Winning Strategy?

Notable Reporting: Is Buying Stock Like Petroquest Energy Inc After Such Increase Winning Strategy?

The stock of Petroquest Energy Inc (NYSE:PQ) is a huge mover today! The stock increased 4.34% or $0.15 on October 3, hitting $3.61. About 171,042 shares traded hands. Petroquest Energy Inc (NYSE:PQ) has risen 101.16% since February 29, 2016 and is uptrending. It has outperformed by 88.95% the S&P500.
The move comes after 8 months positive chart setup for the $65.92 million company. It was reported on Oct, 4 by We have $4.80 PT which if reached, will make NYSE:PQ worth $21.75 million more.

Analysts await Petroquest Energy Inc (NYSE:PQ) to report earnings on November, 7. They expect $-0.38 EPS, up 47.22% or $0.34 from last year’s $-0.72 per share. After $-0.91 actual EPS reported by Petroquest Energy Inc for the previous quarter, Wall Street now forecasts -58.24% EPS growth.

Petroquest Energy Inc (NYSE:PQ) Ratings Coverage

Out of 9 analysts covering Petroquest Energy Inc. (NYSE:PQ), 4 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 44% are positive. Petroquest Energy Inc. has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, August 26 by Seaport Global Securities. On Tuesday, June 7 the stock rating was downgraded by Seaport Global to “Accumulate”. As per Friday, August 26, the company rating was upgraded by Johnson Rice. The rating was upgraded by Seaport Global on Wednesday, March 30 to “Buy”. The stock has “Sell” rating given by Zacks on Friday, September 4. The rating was downgraded by Howard Weil on Monday, December 14 to “Sector Perform”. Capital One downgraded the stock to “Equal-Weight” rating in Thursday, August 4 report. The rating was maintained by Imperial Capital on Thursday, August 6 with “In-Line”. Iberia Capital Partners downgraded the shares of PQ in a report on Monday, August 17 to “Sector Perform” rating. Zacks upgraded the stock to “Strong Sell” rating in Tuesday, August 11 report.

According to Zacks Investment Research, “PetroQuest Energy, Inc. is an oil and gas exploration and production company primarily focused on growing its reserves and shareholder value through a combination of drilling development locations and high potential exploration prospects along and in the Gulf of Mexico.”

More notable recent Petroquest Energy Inc (NYSE:PQ) news were published by: which released: “PetroQuest Energy Announces Private Exchange Offers And Consent Solicitation …” on August 25, 2016, also with their article: “PetroQuest Energy Announces Amendment To Support Agreements And Waiver Of …” published on September 13, 2016, published: “PetroQuest Energy Announces Results Of The Exchange Offers And Consent …” on September 09, 2016. More interesting news about Petroquest Energy Inc (NYSE:PQ) were released by: and their article: “PetroQuest Energy Announces Results Of The Exchange Offers And Consent …” published on September 14, 2016 as well as‘s news article titled: “PetroQuest Energy Elects To Not Make Senior Notes Interest Payment And Enter …” with publication date: September 01, 2016.

PQ Company Profile

PetroQuest Energy, Inc., incorporated on August 26, 1998, is an gas and oil company. The Firm is engaged in exploratory, development and acquisition activities. The Firm has approximately 30 gross exploratory wells and over 30 gross development wells. The Firm has reserves in various areas, including East Texas, Gulf Coast Basin and Oklahoma Woodford. The Company’s annual production from East Texas area is approximately 114.1 billions of cubic feet equivalent (Bcfe); Gulf Coast Basin is over 43.9 Bcfe, and Oklahoma Woodford is approximately 20.0 Bcfe.

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