Petroquest Energy (NYSE:PQ) Issues Quarterly Earnings Results

Petroquest Energy (NYSE:PQ) released its quarterly earnings results on Monday, March 5th. The energy company reported ($0.02) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.02), Briefing.com reports. The company had revenue of $35.10 million during the quarter, compared to analysts’ expectations of $31.78 million. During the same period in the prior year, the firm earned ($0.46) EPS. Petroquest Energy’s quarterly revenue was up 114.0% on a year-over-year basis.

Shares of Petroquest Energy stock traded down $0.11 during trading on Thursday, reaching $0.58. The company’s stock had a trading volume of 1,402,898 shares, compared to its average volume of 175,443. Petroquest Energy has a 52-week low of $0.58 and a 52-week high of $2.96. The stock has a market capitalization of $19.91, a price-to-earnings ratio of -1.04 and a beta of 1.91. The company has a debt-to-equity ratio of -1.24, a quick ratio of 0.91 and a current ratio of 0.91.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Petroquest Energy from a “hold” rating to a “sell” rating in a research note on Wednesday. B. Riley assumed coverage on shares of Petroquest Energy in a research note on Monday, February 5th. They issued a “neutral” rating and a $1.90 price objective for the company. Two equities research analysts have 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. Petroquest Energy has an average rating of “Hold” and a consensus target price of $2.85.

An institutional investor recently raised its position in Petroquest Energy stock. Northern Trust Corp increased its holdings in Petroquest Energy Inc (NYSE:PQ) by 2.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,221 shares of the energy company’s stock after purchasing an additional 1,598 shares during the period. Northern Trust Corp owned approximately 0.26% of Petroquest Energy worth $111,000 as of its most recent SEC filing. Institutional investors and hedge funds own 40.17% of the company’s stock.

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Petroquest Energy Company Profile

PetroQuest Energy, Inc operates as an independent oil and gas company. The company is involved in the acquisition, exploration, and development of oil and gas properties in Texas and the Gulf Coast Basin. As of December 31, 2016, it had estimated proved reserves of 1.4 thousand barrels of oil, 26.6 billion cubic feet equivalent of natural gas liquids, and 81 billion cubic feet of natural gas.

Earnings History for Petroquest Energy (NYSE:PQ)

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