Today’s Stock On Watch: Can Petroquest Energy Inc’s Tomorrow Be Different? The Stock Increases Again

Today's Stock On Watch: Can Petroquest Energy Inc's Tomorrow Be Different? The Stock Increases Again

The stock of Petroquest Energy Inc (NYSE:PQ) is a huge mover today! About 190,232 shares traded hands or 50.86% up from the average. Petroquest Energy Inc (NYSE:PQ) has risen 13.99% since April 27, 2016 and is uptrending. It has outperformed by 8.76% the S&P500.
The move comes after 9 months positive chart setup for the $79.60 million company. It was reported on Nov, 30 by Barchart.com. We have $4.26 PT which if reached, will make NYSE:PQ worth $3.18M more.

Analysts await Petroquest Energy Inc (NYSE:PQ) to report earnings on March, 1. They expect $-0.36 EPS, up 80.85% or $1.52 from last year’s $-1.88 per share. After $-0.82 actual EPS 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. The stock has “Overweight” rating given by CapitalOne on Monday, October 10. On Thursday, August 6 the stock rating was maintained by Imperial Capital with “In-Line”. The firm has “Equal-Weight” rating by Capital One given on Thursday, August 4. The rating was downgraded by Zacks to “Sell” on Friday, September 4. The stock has “Sector Perform” rating given by Iberia Capital Partners on Monday, August 17. The firm has “Buy” rating given on Friday, August 26 by Seaport Global Securities. The stock of Petroquest Energy Inc (NYSE:PQ) earned “Sector Perform” rating by Howard Weil on Monday, December 14. The stock has “Strong Sell” rating given by Zacks on Tuesday, August 11. The rating was upgraded by Johnson Rice on Friday, August 26 to “Buy”. Seaport Global upgraded Petroquest Energy Inc (NYSE:PQ) on Wednesday, March 30 to “Buy” 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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