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Petroquest Energy Inc (NYSE:PQ) has been downgraded to Neutral in a statement by Seaport Global Securities earlier today.

Having a price of $1.98, Petroquest Energy Inc (NYSE:PQ) traded -7.66% lower on the day. With the last stock price down -16.59% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. Petroquest Energy Inc has recorded a 50-day average of $1.92 and a two hundred day average of $2.31. Trading volume was up over the average, with 138,192 shares of PQ changing hands over the typical 71,877

Seaport Global Securities has downgraded Petroquest Energy Inc (NYSE:PQ) to Neutral in a statement released on Wednesday June 21, 2017.

Performance Chart

Petroquest Energy Inc (NYSE:PQ)

With a total market value of $0, Petroquest Energy Inc has with a one year low of $1.66 and a one year high of $4.75 .

A total of 6 equity analysts have released a ratings update on PQ. zero equity analysts rating the company a strong buy, four equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $1.27.

Brief Synopsis About Petroquest Energy Inc (NYSE:PQ)

PetroQuest Energy, Inc. is an oil and gas company. The Company is engaged in exploratory, development and acquisition activities. The Company has approximately 30 gross exploratory wells and over 30 gross development wells. The Company has reserves in various areas, including East Texas, Gulf Coast Basin and Oklahoma Woodford. Its annual production from East Texas area is approximately 114.1 billions of cubic feet equivalent (Bcfe); Gulf Coast Basin is over 43.9 Bcfe, and Oklahoma Woodford is approximately 20.0 Bcfe. The net production from its East Texas assets averages over 30.4 millions of cubic feet equivalent (MMcfe) per day. Production from Gulf Coast Basin area totals approximately 37.8 MMcfe per day. The average daily production from its Oklahoma-Woodford properties totals over 25 MMcfe per day. The Company sells its oil and natural gas production under fixed or floating market contracts.

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