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

Related PQ
Earnings Scheduled For March 2, 2016
PetroQuest Energy Gross Daily Rate of Approximately 28,000 Mcf of gas, 900 Bbls of Oil and 1,200 Bbls of natural gas liquidsO

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

Mar 2016Seaport GlobalUpgradesAccumulateBuy
Jun 2015Raymond JamesUpgradesMarket PerformOutperform
Dec 2014Stifel NicolausInitiates Coverage onHold

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