Equities research analysts predict that Petroquest Energy Inc (NYSE:PQ) will announce earnings per share (EPS) of ($0.09) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Petroquest Energy’s earnings, with the highest EPS estimate coming in at ($0.05) and the lowest estimate coming in at ($0.14). Petroquest Energy reported earnings per share of ($0.46) during the same quarter last year, which would suggest a positive year-over-year growth rate of 80.4%. The company is scheduled to report its next earnings results on Tuesday, March 6th.
According to Zacks, analysts expect that Petroquest Energy will report full-year earnings of ($0.65) per share for the current fiscal year, with EPS estimates ranging from ($0.70) to ($0.58). For the next year, analysts expect that the business will report earnings of ($0.25) per share, with EPS estimates ranging from ($0.40) to $0.01. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Petroquest Energy.
Petroquest Energy (NYSE:PQ) last released its earnings results on Wednesday, November 1st. The energy company reported ($0.15) EPS for the quarter, topping 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. During the same quarter last year, the business posted ($1.31) EPS. The firm’s revenue was up 64.9% on a year-over-year basis.
A number of brokerages have recently issued reports on PQ. Roth Capital set a $5.00 price target on shares of Petroquest Energy and gave the company a “buy” rating in a report on Monday, August 14th. Zacks Investment Research upgraded shares of Petroquest Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, ValuEngine downgraded shares of Petroquest Energy from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.17.
Petroquest Energy (NYSE:PQ) traded down $0.04 during mid-day trading on Tuesday, hitting $1.81. 17,200 shares of the stock traded hands, compared to its average volume of 97,399. Petroquest Energy has a one year low of $1.59 and a one year high of $4.75. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of -1.20.
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A number of large investors have recently bought and sold shares of PQ. Renaissance Technologies LLC increased its holdings in Petroquest Energy by 4.6% during the 1st quarter. Renaissance Technologies LLC now owns 389,225 shares of the energy company’s stock valued at $1,066,000 after acquiring an additional 17,036 shares in the last quarter. Parkwood LLC increased its holdings in Petroquest Energy by 143.3% during the 2nd quarter. Parkwood LLC now owns 405,584 shares of the energy company’s stock valued at $803,000 after acquiring an additional 238,857 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Petroquest Energy by 288.6% during 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 acquiring an additional 41,754 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Petroquest Energy by 3.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 1,101,609 shares of the energy company’s stock valued at $2,181,000 after acquiring an additional 37,584 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Petroquest Energy by 2.9% during the 2nd quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock valued at $111,000 after acquiring an additional 1,598 shares in the last quarter. Hedge funds and other institutional investors own 36.02% of the company’s stock.
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.
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