Phoenix Investment Adviser LLC acquired a new position in shares of Petroquest Energy Inc (NYSE:PQ) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 128,545 shares of the energy company’s stock, valued at approximately $294,000. Phoenix Investment Adviser LLC owned 0.60% of Petroquest Energy as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of Petroquest Energy by 288.6% during the second quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock worth $111,000 after buying an additional 41,754 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Petroquest Energy by 2.9% in the second quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock valued at $111,000 after purchasing an additional 1,598 shares during the period. Parkwood LLC grew its holdings in shares of Petroquest Energy by 143.3% in the second 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 period. Renaissance Technologies LLC grew its holdings in shares of Petroquest Energy by 4.6% in the first quarter. Renaissance Technologies LLC now owns 389,225 shares of the energy company’s stock valued at $1,066,000 after purchasing an additional 17,036 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Petroquest Energy by 6.6% in the second 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 period. Institutional investors own 38.15% of the company’s stock.
A number of equities research analysts recently issued reports on PQ shares. ValuEngine lowered shares of Petroquest Energy from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research cut shares of Petroquest Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, Roth Capital set a $5.00 target price on shares of Petroquest Energy and gave the company a “buy” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.17.
Shares of Petroquest Energy Inc (NYSE PQ) traded down $0.01 on Friday, hitting $1.66. 97,843 shares of the stock traded hands, compared to its average volume of 56,292. Petroquest Energy Inc has a 1-year low of $1.59 and a 1-year high of $4.75. The company has a debt-to-equity ratio of -1.20, a quick ratio of 0.59 and a current ratio of 0.59.
Petroquest Energy (NYSE:PQ) last issued its earnings results on Wednesday, November 1st. The energy company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $28.20 million during the quarter, compared to analyst estimates of $26.99 million. The firm’s revenue was up 64.9% compared to the same quarter last year. During the same period last year, the business earned ($1.31) EPS. analysts predict that Petroquest Energy Inc will post -0.65 EPS for the current year.
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Petroquest Energy Company Profile
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.
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