Petroquest Energy Inc: Mackay Shields Llc Opened Position

January 11, 2018 - By Marguerite Chambers

 Petroquest Energy Inc: Mackay Shields Llc Opened Position

Investors sentiment increased to Infinity in 2017 Q3. Its up Infinity, from 0 in 2017Q2. It increased, as 0 investors sold PetroQuest Energy, Inc. shares while 0 reduced holdings. 0 funds opened positions while 0 raised stakes. 60,900 shares or 50.00% less from 121,800 shares in 2017Q2 were reported.

Pinnacle Hldgs Ltd has 0% invested in PetroQuest Energy, Inc. (NYSE:PQ). Paradigm Mngmt New York accumulated 58,400 shares or 0.01% of the stock.

The New Mackay Shields Llc Holding in Petroquest Energy Inc

Mackay Shields Llc reported SC 13G/A form with the SEC for Petroquest Energy Inc. Access it here: 000108514618000098. As reported by Mackay Shields Llc, the filler owns 7.71% or 1,527,557 shares of the Energy–company.

Petroquest Energy Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Mackay Shields Llc’s positive view for Petroquest Energy Inc. For a institutional investor managing $81.03 billion in assets and having 151+ experts this is interesting position.

Petroquest Energy Inc Institutional Sentiment

Filings show 65 investors own Petroquest Energy Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 6882981. 33137867 were owned by these investors. 5 funds opened new Petroquest Energy Inc stakes, 11 increased positions. There were 46 that closed positions and 31 reduced them.

Hollow Brook Wealth Management Llc is an investor bullish on Petroquest Energy Inc, owning 93915 shares as of Q3 2015 for 0.05% of its portfolio. Peter Keane Keane Capital Management Inc owns 321808 shares or 0.49% of its portfolio. IL Central Square Management Llc have 2.46% of its portfolio for 1962828 shares. Further, Birchview Capital Lp reported stake worth 0.13% of its portfolio. The CA Hcsf Management Llc owns 2700000 shares. Petroquest Energy Inc is 3.34% of its portfolio.

SEC Form 13G.

Mackay Shields Llc website.

Analysts await PetroQuest Energy, Inc. (NYSE:PQ) to report earnings on March, 6. They expect $-0.09 earnings per share, up 80.43 % or $0.37 from last year’s $-0.46 per share. After $-0.15 actual earnings per share reported by PetroQuest Energy, Inc. for the previous quarter, Wall Street now forecasts -40.00 % EPS growth.

The stock increased 6.40% or $0.11 during the last trading session, reaching $1.83. About 107,746 shares traded or 22.75% up from the average. PetroQuest Energy, Inc. (NYSE:PQ) has declined 1.72% since January 11, 2017 and is downtrending. It has underperformed by 18.42% the S&P500.

PetroQuest Energy, Inc. operates as an independent gas and oil company. The company has market cap of $38.93 million. The firm is involved in the acquisition, exploration, and development of gas and oil properties in Texas and the Gulf Coast Basin. It currently has negative earnings. As of December 31, 2016, it had estimated proved reserves of 1.4 thousand barrels of oil, 26.6 billion cubic feet equivalent of natural gas liquids, and 81 billion cubic feet of natural gas.

PetroQuest Energy, Inc. (NYSE:PQ) Ratings Coverage

Among 11 analysts covering Petroquest Energy Inc. (NYSE:PQ), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. Petroquest Energy Inc. has $700 highest and $1.40 lowest target. $3.28’s average target is 79.23% above currents $1.83 stock price. Petroquest Energy Inc. had 19 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, July 31, the company rating was maintained by Roth Capital. Imperial Capital maintained the stock with “In-Line” rating in Thursday, August 6 report. The stock of PetroQuest Energy, Inc. (NYSE:PQ) has “Sector Perform” rating given on Monday, December 14 by Howard Weil. The stock of PetroQuest Energy, Inc. (NYSE:PQ) has “Buy” rating given on Wednesday, March 30 by Seaport Global. The stock of PetroQuest Energy, Inc. (NYSE:PQ) has “Sector Perform” rating given on Monday, August 17 by Iberia Capital Partners. The rating was downgraded by Seaport Global on Tuesday, June 7 to “Accumulate”. The stock has “Buy” rating by Roth Capital on Wednesday, May 31. The firm has “Buy” rating given on Friday, August 26 by Johnson Rice. The rating was upgraded by Seaport Global Securities to “Buy” on Friday, August 26. Zacks downgraded the shares of PQ in report on Friday, September 4 to “Sell” rating.

More notable recent PetroQuest Energy, Inc. (NYSE:PQ) news were published by: Seekingalpha.com which released: “PetroQuest Energy’s (PQ) CEO Charles Goodson on Q2 2017 Results – Earnings …” on August 03, 2017, also Seekingalpha.com with their article: “PetroQuest Energy’s (PQ) CEO Charles Goodson on Q3 2017 Results – Earnings …” published on November 04, 2017, Seekingalpha.com published: “PetroQuest Energy On Track To Solve Debt Problems With Production Growth” on September 08, 2017. More interesting news about PetroQuest Energy, Inc. (NYSE:PQ) were released by: Globenewswire.com and their article: “PetroQuest Energy Announces Third Quarter 2017 Results” published on November 01, 2017 as well as Seekingalpha.com‘s news article titled: “PetroQuest Needs Higher Natural Gas Prices” with publication date: April 17, 2017.

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