Petroquest Energy (NYSE:PQ) released its quarterly earnings results on Monday, March 5th. The energy company reported ($0.02) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.02), Briefing.com reports. The business had revenue of $35.10 million for the quarter, compared to the consensus estimate of $31.78 million. The business’s quarterly revenue was up 114.0% on a year-over-year basis. During the same period last year, the firm posted ($0.46) EPS.
Shares of Petroquest Energy (NYSE PQ) traded down $0.07 during midday trading on Wednesday, reaching $1.04. 519,469 shares of the company traded hands, compared to its average volume of 135,295. Petroquest Energy has a fifty-two week low of $1.03 and a fifty-two week high of $3.20. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of -1.24.
A hedge fund recently raised its stake in Petroquest Energy stock. Northern Trust Corp lifted its stake in shares of Petroquest Energy Inc (NYSE:PQ) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,221 shares of the energy company’s stock after acquiring an additional 1,598 shares during the period. Northern Trust Corp owned approximately 0.26% of Petroquest Energy worth $111,000 at the end of the most recent quarter. 42.93% of the stock is currently owned by institutional investors.
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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