Are These Stocks Ripe For Significant Gains? Petroquest Energy Inc (PQ), Ibio Inc (IBIO) and Lexington Realty Trust (LXP)
New York, NY – GDP INSIDER – 04/17/2014.
This article discusses three companies: Petroquest Energy Inc (NYSE:PQ), Ibio Inc (NYSEMKT:IBIO) and Lexington Realty Trust (NYSE:LXP)
Petroquest Energy Inc (NYSE:PQ) reversed its recent upward trend yesterday to close down 5.15% or $0.14 to finish the day at $2.58 on lower than average trading volume of 0.609 million shares compared to its three month average trading volume of 0.752 million shares. The stock is now down 31.02% for the year so far, but price-to-earnings ratio of 6.62, gross margin (ttm) of 75.80% and one year price target estimate of $3.46, the independent energy company, which is engaged in the exploration, acquisition and production of oil and natural gas reserves, has the potential to reverse this fall, making it a good hold and potential buy at the moment.
Ibio Inc (NYSEMKT:IBIO) lost four cents as the stock declined 4.76% to finish the day at a closing price of $0.85 on lower than average trading volume of 0.979 million, compared to its three month average trading volume of 1.80 million. The US-based biotechnology company, which focuses on commercializing its platform technologies, has been outperforming the S&P 500 for the past one year, up 77.19% compared to the index which is up only 12.88% for the same period. With RSI of 49.54 and one year price target estimate of $3, the stock has upside potential making it a hold with a view to buy.
Lexington Realty Trust (NYSE:LXP) reversed its recent downward trend yesterday with stock gaining five cents to finish the day at a closing price of $9.69 on lower than average trading volume of 1.78 million, compared to its three months average trading volume of 1.95 million. The self managed and self administered real estate investment trust, has been struggling so far this year with the stock down 11.75%, underperforming the S&P 500 which is up 2.24% for the same period. With quarterly revenue growth of 14.40%, RSI of 38.79 and target price estimate of $11.04, the stock is a hold for now.
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