CapitalOne upgraded PetroQuest Energy (NYSE:PQ) from Equal Weight to Overweight in a report released today.
- Updated: October 10, 2016
CapitalOne has upgraded PetroQuest Energy (NYSE:PQ) from Equal Weight to Overweight in a report released on 10/10/2016.
Previously on 8/26/2016, Seaport Global reported on PetroQuest Energy (NYSE:PQ) increased the target price from $4.00 to $5.00. At the time, this indicated a possible upside of 1.15%.
Yesterday PetroQuest Energy (NYSE:PQ) traded 10.93% higher at $3.66. PQ’s 50-day average is $2.94 and its two hundred day average is $2.86. With the last stock price close up 42.06% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 130,917 shares of PQ changing hands under the typical 261,014
With a total market value of $0, PetroQuest Energy has with a one year low of $1.24 and a one year high of $6.04 .
A total of 6 equity analysts have released a ratings update on PQ. zero equity 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 finally zero equity analysts rating the company a sell with a one year target of $1.27.
Brief Synopsis About PetroQuest Energy (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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