The stock of Petroquest Energy Inc (NYSE:PQ) is a huge mover today! The stock increased 13.62% or $0.47 on November 23, hitting $3.92. About 151,130 shares traded hands or 43.49% up from the average. Petroquest Energy Inc (NYSE:PQ) has risen 11.36% since April 22, 2016 and is uptrending. It has outperformed by 5.95% the S&P500.
The move comes after 8 months positive chart setup for the $82.11 million company. It was reported on Nov, 24 by Barchart.com. We have $4.23 PT which if reached, will make NYSE:PQ worth $6.57M more.
Analysts await Petroquest Energy Inc (NYSE:PQ) to report earnings on March, 1. They expect $-0.36 earnings per share, up 80.85% or $1.52 from last year’s $-1.88 per share. After $-0.82 actual earnings per share reported by Petroquest Energy Inc for the previous quarter, Wall Street now forecasts -56.10% EPS growth.
Petroquest Energy Inc (NYSE:PQ) Ratings Coverage
Out of 10 analysts covering Petroquest Energy Inc. (NYSE:PQ), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. $5 is the highest target while $1.40 is the lowest. The $2.85 average target is -27.30% below today’s ($3.92) stock price. Petroquest Energy Inc. has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, September 4, the company rating was downgraded by Zacks. Imperial Capital maintained the stock with “In-Line” rating in Thursday, August 6 report. The firm has “Equal-Weight” rating by Capital One given on Thursday, August 4. On Friday, August 26 the stock rating was upgraded by Johnson Rice to “Buy”. The company was downgraded on Monday, August 17 by Iberia Capital Partners. The rating was upgraded by Seaport Global on Wednesday, March 30 to “Buy”. As per Monday, October 10, the company rating was upgraded by CapitalOne. The firm has “Strong Sell” rating given on Tuesday, August 11 by Zacks. The rating was downgraded by Howard Weil to “Sector Perform” on Monday, December 14. The stock of Petroquest Energy Inc (NYSE:PQ) earned “Buy” rating by Seaport Global Securities on Friday, August 26.
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: Prnewswire.com which released: “PetroQuest Energy Announces East Texas Joint Venture” on November 10, 2016, also Prnewswire.com with their article: “PetroQuest Energy Announces Results Of The Exchange Offers And Consent …” published on September 14, 2016, Prnewswire.com published: “PetroQuest Energy Announces Private Exchange Offers And Consent Solicitation …” on August 25, 2016. More interesting news about Petroquest Energy Inc (NYSE:PQ) were released by: Prnewswire.com and their article: “PetroQuest Energy Announces Closing Of Its Exchange Offers And Consent …” published on September 27, 2016 as well as Prnewswire.com‘s news article titled: “PetroQuest Energy Announces New $50 Million Multi-Advance Term Loan Agreement” with publication date: October 17, 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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