Petroquest Energy Inc (PQ) Expected to Announce Earnings of -$0.18 Per Share

Analysts predict that Petroquest Energy Inc (NYSE:PQ) will announce ($0.18) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Petroquest Energy’s earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.12). Petroquest Energy posted earnings of ($0.82) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 78%. The firm is expected to report its next earnings results on Monday, October 30th.

On average, analysts expect that Petroquest Energy will report full-year earnings of ($0.66) per share for the current year, with EPS estimates ranging from ($0.72) to ($0.57). For the next fiscal year, analysts expect that the business will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.47) to ($0.02). Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Petroquest Energy.

Petroquest Energy (NYSE:PQ) last issued its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.05. The company had revenue of $24.25 million during the quarter, compared to the consensus estimate of $23.38 million. The firm’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.38) earnings per share.

A number of research firms have weighed in on PQ. Zacks Investment Research raised Petroquest Energy from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research note on Tuesday, October 3rd. ValuEngine lowered Petroquest Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Roth Capital set a $5.00 price objective on Petroquest Energy and gave the stock a “buy” rating in a research note on Monday, August 14th. Capital One Financial Corporation lowered Petroquest Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. Finally, Seaport Global Securities lowered Petroquest Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $6.00 to $2.00 in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.63.

Shares of Petroquest Energy (NYSE PQ) traded down 0.96% during mid-day trading on Friday, reaching $2.06. The company had a trading volume of 19,814 shares. Petroquest Energy has a 1-year low of $1.66 and a 1-year high of $4.75. The company’s market capitalization is $43.79 million. The stock’s 50-day moving average price is $2.04 and its 200 day moving average price is $2.18.

ILLEGAL ACTIVITY WARNING: This story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://ledgergazette.com/2017/10/09/petroquest-energy-inc-pq-expected-to-announce-earnings-of-0-18-per-share.html.

Several institutional investors have recently made changes to their positions in PQ. Divisar Capital Management LLC lifted its stake in shares of Petroquest Energy by 90.1% in the 1st quarter. Divisar Capital Management LLC now owns 1,052,891 shares of the energy company’s stock valued at $2,885,000 after purchasing an additional 498,953 shares during the last quarter. Parkwood LLC lifted its stake in shares of Petroquest Energy by 143.3% in the 2nd quarter. Parkwood LLC now owns 405,584 shares of the energy company’s stock valued at $803,000 after purchasing an additional 238,857 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Petroquest Energy by 288.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock valued at $111,000 after purchasing an additional 41,754 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Petroquest Energy by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock valued at $1,280,000 after purchasing an additional 40,059 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Petroquest Energy by 3.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 1,101,609 shares of the energy company’s stock valued at $2,181,000 after purchasing an additional 37,584 shares during the last quarter. 37.48% of the stock is currently owned by institutional investors and hedge funds.

About Petroquest Energy

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.

Get a free copy of the Zacks research report on Petroquest En

On average, analysts expect that Petroquest Energy will report full-year earnings of ($0.66) per share for the current year, with EPS estimates ranging from ($0.72) to ($0.57). For the next fiscal year, analysts expect that the business will report earnings of ($0.26) per share, with EPS estimates ranging from ($0.47) to ($0.02). Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Petroquest Energy.

Petroquest Energy (NYSE:PQ) last issued its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.05. The company had revenue of $24.25 million during the quarter, compared to the consensus estimate of $23.38 million. The firm’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.38) earnings per share.

A number of research firms have weighed in on PQ. Zacks Investment Research raised Petroquest Energy from a “hold” rating to a “buy” rating and set a $2.50 price objective on the stock in a research note on Tuesday, October 3rd. ValuEngine lowered Petroquest Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Roth Capital set a $5.00 price objective on Petroquest Energy and gave the stock a “buy” rating in a research note on Monday, August 14th. Capital One Financial Corporation lowered Petroquest Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. Finally, Seaport Global Securities lowered Petroquest Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $6.00 to $2.00 in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.63.

Shares of Petroquest Energy (NYSE PQ) traded down 0.96% during mid-day trading on Friday, reaching $2.06. The company had a trading volume of 19,814 shares. Petroquest Energy has a 1-year low of $1.66 and a 1-year high of $4.75. The company’s market capitalization is $43.79 million. The stock’s 50-day moving average price is $2.04 and its 200 day moving average price is $2.18.

ILLEGAL ACTIVITY WARNING: This story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://ledgergazette.com/2017/10/09/petroquest-energy-inc-pq-expected-to-announce-earnings-of-0-18-per-share.html.

Several institutional investors have recently made changes to their positions in PQ. Divisar Capital Management LLC lifted its stake in shares of Petroquest Energy by 90.1% in the 1st quarter. Divisar Capital Management LLC now owns 1,052,891 shares of the energy company’s stock valued at $2,885,000 after purchasing an additional 498,953 shares during the last quarter. Parkwood LLC lifted its stake in shares of Petroquest Energy by 143.3% in the 2nd quarter. Parkwood LLC now owns 405,584 shares of the energy company’s stock valued at $803,000 after purchasing an additional 238,857 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Petroquest Energy by 288.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock valued at $111,000 after purchasing an additional 41,754 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Petroquest Energy by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock valued at $1,280,000 after purchasing an additional 40,059 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Petroquest Energy by 3.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 1,101,609 shares of the energy company’s stock valued at $2,181,000 after purchasing an additional 37,584 shares during the last quarter. 37.48% of the stock is currently owned by institutional investors and hedge funds.

About Petroquest Energy

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.

Get a free copy of the Zacks research report on Petroquest Energy (PQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Petroquest Energy (NYSE:PQ)

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