Investors are feeling more bullish on shares of the company of late if you pay attention to the decrease in short interest. The company saw a fall in short interest from August 15, 2017 to August 31, 2017 of -6.81%. Short interest fell 41,925 over that timeframe. The days to cover increased to 10.0 and the percentage of shorted shares was 0.03% on August 31.
The following firms have recently changed their position in PQ. Paradigm Capital Management Inc/ny grew its holdings by buying 16,500 shares an increase of 58.1%. Paradigm Capital Management Inc/ny controls 44,900 shares with a value of $89,000. The total value of its holdings increased 14.1%.
On June 21 the stock rating was downgraded to “Neutral” from “Buy” by Seaport Global.
The company is up by 3.81%% since yesterday’s close of 2.1. It is currently trading at $2.18 quite a bit above $1.91, the 50 day moving average and which is marginally lower than the 200 day moving average of $2.26. The 50 day moving average went up by +13.98% whereas the 200 day average was down by -3.72%.
In the latest earnings report the EPS was $-2.03 and is estimated to be $-0.68 for the current year with 21,257,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $-0.09 with next year’s EPS projected to be $-0.27.
PetroQuest Energy, Inc., launched on August 26, 1998, is an oil and gas company. The Company is involved 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..