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UPDATE: Stifel Nicolaus Cuts PT to $5.75 on PetroQuest Energy on 2013 Outlook

Related PQ
PetroQuest Energy Gross Daily Rate of Approximately 28,000 Mcf of gas, 900 Bbls of Oil and 1,200 Bbls of natural gas liquidsO
PetroQuest Energy Announces Initial Production From Thunder Bayou

Stifel Nicolaus maintained PetroQuest Energy (NYSE: PQ) with a Buy rating and lowered the price target from $6.25 to $5.75.

Stifel Nicolaus said, "On the 2013 outlook, although capex is being cut, the key negatives include 1) lack of production growth and production coming in 3% lighter than our expectations, even after accounting for the Fayetteville sale, 2) no improvement in the liquids mix for 2013, versus our expectation of the liquids mix increasing from 23% in 2012 to 27% in 2013, and 3) a reduction in our 2013 CFPS outlook from $1.50 to $1.15."

PetroQuest Energy closed at $4.95 on Tuesday.

Latest Ratings for PQ

Jun 2015Raymond JamesUpgradesMarket PerformOutperform
Dec 2014Stifel NicolausInitiates Coverage onHold
Dec 2014Imperial CapitalMaintainsIn-line

View More Analyst Ratings for PQ
View the Latest Analyst Ratings

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