Is Petroquest Energy Inc (PQ) a Sell? The Stock Formed Bearish Multiple Bottom

November 7, 2017 - By Linda Rogers

Investors sentiment increased to Infinity in 2017 Q2. Its up Infinity, from 0 in 2017Q1. It increased, as 0 investors sold Petroquest Energy Inc shares while 0 reduced holdings. 0 funds opened positions while 1 raised stakes. 121,800 shares or 71.07% more from 71,200 shares in 2017Q1 were reported.
Paradigm Capital New York holds 0.01% or 58,400 shares. Pinnacle Holdings Ltd Com has 0% invested in Petroquest Energy Inc (NYSE:PQ) for 2,500 shares.

The stock of Petroquest Energy Inc (PQ) shows a multiple bottoms pattern with $1.75 target or 9.00 % below today’s $1.92 share price. The 8 months chart pattern indicates high risk for the $40.82 million company. It was reported on Nov, 7 by Finviz.com. If the $1.75 price target is reached, the company will be worth $3.67 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

About 18,690 shares traded. Petroquest Energy Inc (NYSE:PQ) has declined 1.72% since November 7, 2016 and is downtrending. It has underperformed by 18.42% the S&P500.

Petroquest Energy Inc (NYSE:PQ) Ratings Coverage

Among 11 analysts covering Petroquest Energy Inc. (NYSE:PQ), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. Petroquest Energy Inc. has $700 highest and $1.40 lowest target. $3.28’s average target is 70.83% above currents $1.92 stock price. Petroquest Energy Inc. had 19 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by CapitalOne to “Overweight” on Monday, October 10. The stock has “Strong Sell” rating by Zacks on Tuesday, August 11. Seaport Global Securities upgraded it to “Buy” rating and $5 target in Friday, August 26 report. The firm has “Buy” rating given on Wednesday, June 21 by Roth Capital. The stock has “Neutral” rating by Seaport Global on Wednesday, June 21. The rating was downgraded by Capital One to “Equal-Weight” on Thursday, August 4. The firm earned “Sell” rating on Friday, September 4 by Zacks. The company was upgraded on Wednesday, March 30 by Seaport Global. On Monday, December 14 the stock rating was downgraded by Howard Weil to “Sector Perform”. The rating was maintained by Roth Capital with “Buy” on Wednesday, May 31.

More notable recent Petroquest Energy Inc (NYSE:PQ) news were published by: Seekingalpha.com which released: “PetroQuest Energy’s (PQ) CEO Charles Goodson on Q3 2017 Results – Earnings …” on November 04, 2017, also Seekingalpha.com with their article: “PetroQuest Needs Higher Natural Gas Prices” published on April 17, 2017, Globenewswire.com published: “PetroQuest Energy Announces Approximately 41 Mmcfe/d Combined Rate From Three …” on October 23, 2017. More interesting news about Petroquest Energy Inc (NYSE:PQ) were released by: Globenewswire.com and their article: “PetroQuest Energy Announces Third Quarter 2017 Results” published on November 01, 2017 as well as Globenewswire.com‘s news article titled: “PetroQuest Energy Announces First Quarter 2017 Earnings; Provides Hedging and …” with publication date: May 03, 2017.

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