Petroquest Energy (PQ) Now Covered by Analysts at B. Riley

B. Riley began coverage on shares of Petroquest Energy (NYSE:PQ) in a research note published on Monday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $1.90 price objective on the energy company’s stock. B. Riley also issued estimates for Petroquest Energy’s Q4 2017 earnings at $0.03 EPS, FY2017 earnings at ($0.51) 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.

Other equities analysts have also issued reports about the company. Roth Capital set a $5.00 price target on Petroquest Energy and gave the company a buy rating in a research note on Tuesday, October 24th. Zacks Investment Research lowered Petroquest Energy from a buy rating to a hold rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $2.85.

Petroquest Energy (NYSE PQ) opened at $1.44 on Monday. Petroquest Energy has a fifty-two week low of $1.39 and a fifty-two week high of $4.75. The stock has a market capitalization of $31.91, a P/E ratio of -1.44 and a beta of 1.80. The company has a debt-to-equity ratio of -1.20, a current ratio of 0.59 and a quick ratio of 0.59.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PQ. Bank of New York Mellon Corp lifted its holdings in shares of Petroquest Energy by 288.6% in the second quarter. Bank of New York Mellon Corp now owns 56,224 shares of the energy company’s stock valued at $111,000 after purchasing an additional 41,754 shares in the last quarter. Northern Trust Corp lifted 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 in the last quarter. Vanguard Group Inc. lifted 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 in the last quarter. Finally, Phoenix Investment Adviser LLC purchased a new stake in shares of Petroquest Energy in the third quarter valued at $294,000. Institutional investors own 37.49% of the company’s stock.

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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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