Iberia Capital raised its rating for the oil company to "outperform" from "sector perform." The analyst firm also raised its price target for PetroQuest Energy to $3.50 from its previous price target of $3.
In a separate note to investors, analyst firm Raymond James upgraded PetroQuest to "outperform" from "market perform." The analyst firm set a price target of $3 for the company.
PetroQuest Energy is an energy company that engages in the exploration, development, acquisition and production of oil and natural gas reserves in Texas, Oklahoma, Louisiana and the shallow waters of the Gulf of Mexico.
About 2 million shares of PetroQuest were traded by 11:04 a.m. Monday, above the company's average trading volume of about 712,000 shares a day.
TheStreet Ratings team rates PETROQUEST ENERGY INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate PETROQUEST ENERGY INC (PQ) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."