Petroquest Energy Inc (PQ) is Downgraded by CapitalOne to Equal Weight

Petroquest Energy Inc (PQ) was Downgraded by CapitalOne to ” Equal Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. CapitalOne advised their investors in a research report released on Aug 4, 2016.

Many Wall Street Analysts have commented on Petroquest Energy Inc. Petroquest Energy Inc was Downgraded by Seaport Global Securities to ” Accumulate” on Jun 7, 2016.

On the company’s financial health, Petroquest Energy Inc reported $-1.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.91 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $-0.47. The company had revenue of $15.80 million for the quarter, compared to analysts expectations of $15.94 million. The company’s revenue was down -51.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.94 EPS.

Petroquest Energy Inc closed down -0.61 points or -20.47% at $2.37 with 3,50,045 shares getting traded on Tusday. Post opening the session at $2.94, the shares hit an intraday low of $2.2501 and an intraday high of $2.94 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Aug 28, 2015, William W Iv Rucks (director) purchased 8,679 shares at $1.08 per share price. According to the SEC, on Jul 10, 2015, Charles T Goodson (Chairman, CEO and President) sold 12,000 shares at $1.77 per share price.

PetroQuest Energy Inc. is an independent energy company engaged in the exploration development acquisition and production of oil and natural gas reserves in East Texas Arkoma Basin South Louisiana and the shallow waters of the Gulf of Mexico. The Company is focused in the Gulf Coast Basin with onshore properties principally in southern Louisiana and offshore properties in the shallow waters of the Gulf of Mexico shelf. As of December 31 2013 the Company has 95% drilling success rate on 918 gross wells drilled. The Company’s projects are focused on Oklahoma – Woodford East Texas and Gulf Coast Basin. Its Oklahoma – Woodford has drilled and participated in 25 gross wells. Its East Texas properties have approximately 2000 net acres. The Gulf Coast Basin has five gross wells with a production of 39.1 MMcfe per day.

Petroquest Energy Inc

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