The stock of Petroquest Energy Inc (NYSE:PQ) hit a new 52-week high and has $4.50 target or 9.00% above today’s $4.13 share price. The 7 months bullish chart indicates low risk for the $85.95M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $4.50 price target is reached, the company will be worth $7.74 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 607,373 shares traded hands or 461.74% up from the average. Petroquest Energy Inc (NYSE:PQ) has risen 11.92% since April 25, 2016 and is uptrending. It has outperformed by 5.90% the S&P500.
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. Petroquest Energy Inc. has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Monday, August 17, the company rating was downgraded by Iberia Capital Partners. The rating was upgraded by Seaport Global to “Buy” on Wednesday, March 30. The firm has “Accumulate” rating given on Tuesday, June 7 by Seaport Global. The rating was upgraded by CapitalOne to “Overweight” on Monday, October 10. The rating was upgraded by Johnson Rice to “Buy” on Friday, August 26. The firm has “Equal-Weight” rating by Capital One given on Thursday, August 4. The stock of Petroquest Energy Inc (NYSE:PQ) has “Buy” rating given on Friday, August 26 by Seaport Global Securities. The stock of Petroquest Energy Inc (NYSE:PQ) has “Strong Sell” rating given on Tuesday, August 11 by Zacks. The stock has “Sector Perform” rating given by Howard Weil on Monday, December 14. Imperial Capital maintained the shares of PQ in a report on Thursday, August 6 with “In-Line” rating.
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 Closing Of Its Exchange Offers And Consent …” on September 27, 2016, also Prnewswire.com with their article: “PetroQuest Energy Announces East Texas Joint Venture” published on November 10, 2016, Prnewswire.com published: “PetroQuest Energy Announces Results Of The Exchange Offers And Consent …” on September 14, 2016. More interesting news about Petroquest Energy Inc (NYSE:PQ) were released by: Prnewswire.com and their article: “PetroQuest Energy Announces Private Exchange Offers And Consent Solicitation …” published on August 25, 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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