Stock On Watch: Time to Buy Petroquest Energy Inc After Today’s Huge Decline?

Stock On Watch: Time to Buy Petroquest Energy Inc After Today's Huge Decline?

The stock of Petroquest Energy Inc (NYSE:PQ) is a huge mover today! The stock decreased 6.80% or $0.21 on November 4, hitting $2.88. About 166,166 shares traded hands or 3.91% up from the average. Petroquest Energy Inc (NYSE:PQ) has risen 32.76% since April 4, 2016 and is uptrending. It has outperformed by 31.67% the S&P500.
The move comes after 8 months negative chart setup for the $43.93 million company. It was reported on Nov, 4 by Barchart.com. We have $2.59 PT which if reached, will make NYSE:PQ worth $4.39M less.

Analysts await Petroquest Energy Inc (NYSE:PQ) to report earnings on November, 7. They expect $-0.38 earnings per share, up 47.22% or $0.34 from last year’s $-0.72 per share. After $-0.91 actual earnings per share reported by Petroquest Energy Inc for the previous quarter, Wall Street now forecasts -58.24% EPS growth.

Petroquest Energy Inc (NYSE:PQ) Ratings Coverage

Out of 10 analysts covering Petroquest Energy Inc. (NYSE:PQ), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. Petroquest Energy Inc. has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, June 7 by Seaport Global. The firm has “Equal-Weight” rating given on Thursday, August 4 by Capital One. On Friday, August 26 the stock rating was upgraded by Johnson Rice to “Buy”. The firm has “Sector Perform” rating by Iberia Capital Partners given on Monday, August 17. The rating was upgraded by Seaport Global Securities on Friday, August 26 to “Buy”. The firm earned “Sector Perform” rating on Monday, December 14 by Howard Weil. The stock has “Strong Sell” rating given by Zacks on Tuesday, August 11. The rating was maintained by Imperial Capital on Thursday, August 6 with “In-Line”. The stock of Petroquest Energy Inc (NYSE:PQ) has “Sell” rating given on Friday, September 4 by Zacks. The firm has “Overweight” rating by CapitalOne given on Monday, October 10.

According to Zacks Investment Research, “PetroQuest Energy, Inc. is an oil and gas exploration and production company primarily focused on growing its reserves and shareholder value through a combination of drilling development locations and high potential exploration prospects along and in the Gulf of Mexico.”

More important recent Petroquest Energy Inc (NYSE:PQ) news were published by: Prnewswire.com which released: “PetroQuest Energy Announces New $50 Million Multi-Advance Term Loan Agreement” on October 17, 2016, also Prnewswire.com published article titled: “PetroQuest Energy Announces Results Of The Exchange Offers And Consent …”, Prnewswire.com published: “PetroQuest Energy Announces Closing Of Its Exchange Offers And Consent …” on September 27, 2016. More interesting news about Petroquest Energy Inc (NYSE:PQ) was released by: Prnewswire.com and their article: “PetroQuest Energy Elects To Not Make Senior Notes Interest Payment And Enter …” with publication date: September 01, 2016.

PQ Company Profile

PetroQuest Energy, Inc., incorporated on August 26, 1998, is an gas and oil company. The Firm is engaged in exploratory, development and acquisition activities. The Firm has approximately 30 gross exploratory wells and over 30 gross development wells. The Firm has reserves in various areas, including East Texas, Gulf Coast Basin and Oklahoma Woodford. The Company’s annual production from East Texas area is approximately 114.1 billions of cubic feet equivalent (Bcfe); Gulf Coast Basin is over 43.9 Bcfe, and Oklahoma Woodford is approximately 20.0 Bcfe.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment