Capital One Financial Corp. upgraded Petroquest Energy Inc (NYSE:PQ) to Overweight in a report released today.
- Updated: October 10, 2016
Yesterday Petroquest Energy Inc (NYSE:PQ) traded 10.93% higher at $3.66. The company’s 50-day moving average is $2.94 and its 200-day moving average is $2.86. The last stock close price is up 42.06% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 130,917 shares of the stock were exchanged, down from an average trading volume of 261,014
Capital One Financial Corp. has upgraded Petroquest Energy Inc (NYSE:PQ) to Overweight in a report released on 10/10/2016.
Previously on 8/26/2016, Seaport Global reported about Petroquest Energy Inc (NYSE:PQ) raised the target price from $4.00 to $5.00. At the time, this indicated a possible upside of 1.15%.
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Petroquest Energy Inc has a 52 week low of $1.24 and a 52 week high of $6.04 The company’s market cap is currently $0.
In addition to Capital One Financial Corp. reporting its target price, a total of 6 analysts have released a report on Petroquest Energy Inc. The 12-month price target is $1.27 with zero analysts rating the company a strong buy, four equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokerages rating the stock a sell.
Brief Synopsis On Petroquest Energy Inc (NYSE:PQ)
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. Its 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. The net production from its East Texas assets averages over 30.4 millions of cubic feet equivalent (MMcfe) per day. Production from Gulf Coast Basin area totals approximately 37.8 MMcfe per day. The average daily production from its Oklahoma-Woodford properties totals over 25 MMcfe per day. The Company sells its oil and natural gas production under fixed or floating market contracts.
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