$31.91 Million in Sales Expected for Petroquest Energy Inc (PQ) This Quarter
Brokerages expect Petroquest Energy Inc (NYSE:PQ) to report $31.91 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Petroquest Energy’s earnings, with the lowest sales estimate coming in at $30.80 million and the highest estimate coming in at $33.34 million. Petroquest Energy reported sales of $16.43 million during the same quarter last year, which would suggest a positive year over year growth rate of 94.2%. The business is scheduled to issue its next quarterly earnings report on Tuesday, March 6th.
On average, analysts expect that Petroquest Energy will report full year sales of $31.91 million for the current fiscal year, with estimates ranging from $103.50 million to $106.55 million. For the next financial year, analysts anticipate that the business will post sales of $130.76 million per share, with estimates ranging from $114.20 million to $139.69 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Petroquest Energy.
A number of equities analysts have weighed in on PQ shares. Roth Capital set a $5.00 target price on Petroquest Energy and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered Petroquest Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, B. Riley started coverage on Petroquest Energy in a research report on Monday, February 5th. They issued a “neutral” rating and a $1.90 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Petroquest Energy currently has a consensus rating of “Hold” and a consensus target price of $2.85.
Shares of Petroquest Energy (NYSE:PQ) remained flat at $$1.53 during trading hours on Friday. The stock had a trading volume of 14,624 shares, compared to its average volume of 105,127. Petroquest Energy has a twelve month low of $1.39 and a twelve month high of $4.75. The company has a debt-to-equity ratio of -1.20, a current ratio of 0.59 and a quick ratio of 0.59.
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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