Petroquest Energy Inc to Post FY2017 Earnings of ($0.51) Per Share, B. Riley Forecasts (PQ)

Petroquest Energy Inc (NYSE:PQ) – Investment analysts at B. Riley issued their FY2017 earnings per share estimates for shares of Petroquest Energy in a note issued to investors on Monday. B. Riley analyst R. Rashid anticipates that the energy company will post earnings of ($0.51) per share for the year. B. Riley has a “Neutral” rating and a $1.90 price objective on the stock. B. Riley also issued estimates for Petroquest Energy’s Q4 2017 earnings at $0.03 EPS, Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.37 EPS, Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.42 EPS and FY2019 earnings at $0.98 EPS.

PQ has been the subject of a number of other research reports. Roth Capital set a $5.00 price target on Petroquest Energy and gave the stock a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research cut Petroquest Energy from a “buy” rating to a “hold” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $2.85.

Petroquest Energy (NYSE:PQ) opened at $1.50 on Thursday. Petroquest Energy has a fifty-two week low of $1.39 and a fifty-two week 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.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PQ. Phoenix Investment Adviser LLC acquired a new position in Petroquest Energy in the 3rd quarter worth about $294,000. Bank of New York Mellon Corp raised its holdings in 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 worth $111,000 after purchasing an additional 41,754 shares during the period. Vanguard Group Inc. raised its holdings in Petroquest Energy by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 646,446 shares of the energy company’s stock worth $1,280,000 after purchasing an additional 40,059 shares during the period. Finally, Northern Trust Corp raised its holdings in Petroquest Energy by 2.9% in the 2nd quarter. Northern Trust Corp now owns 56,221 shares of the energy company’s stock worth $111,000 after purchasing an additional 1,598 shares during the period. 37.49% of the stock is owned by institutional investors.

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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.

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

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