Central Square Management Lowers stake in Petroquest Energy Inc (PQ)

Petroquest Energy Inc (PQ) : Central Square Management reduced its stake in Petroquest Energy Inc by 23.62% during the most recent quarter end. The investment management company now holds a total of 669,128 shares of Petroquest Energy Inc which is valued at $1,184,357 after selling 206,901 shares in Petroquest Energy Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Petroquest Energy Inc makes up approximately 2.44% of Central Square Management’s portfolio.

Other Hedge Funds, Including , Spark Investment Management boosted its stake in PQ in the latest quarter, The investment management firm added 18,825 additional shares and now holds a total of 85,800 shares of Petroquest Energy Inc which is valued at $151,866. Petroquest Energy Inc makes up approx 0.01% of Spark Investment Management’s portfolio.Tower Research Capital (trc) reduced its stake in PQ by selling 107 shares or 25.12% in the most recent quarter. The Hedge Fund company now holds 319 shares of PQ which is valued at $565. Nine Chapters Capital Management sold out all of its stake in PQ during the most recent quarter. The investment firm sold 7,275 shares of PQ which is valued $13,895.

Petroquest Energy Inc closed down -0.3 points or -9.29% at $2.93 with 3,68,440 shares getting traded on Thursday. Post opening the session at $3.16, the shares hit an intraday low of $2.92 and an intraday high of $3.27 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Many Wall Street Analysts have commented on Petroquest Energy Inc. Petroquest Energy Inc was Upgraded by Johnson Rice to ” Buy” on Aug 26, 2016. Petroquest Energy Inc was Downgraded by CapitalOne to ” Equal Weight” on Aug 4, 2016. Petroquest Energy Inc was Downgraded by Seaport Global Securities to ” Accumulate” on Jun 7, 2016.

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.

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