Significant Insider Change: Reasons for James Clement’s Shares Sale of Petroquest Energy Inc (NYSE:PQ)’s Stock

November 30, 2016 - By Clifton Ray

Significant Insider Change: Reasons for James Clement's Shares Sale of Petroquest Energy Inc (NYSE:PQ)'s Stock

James Clement Insider Sell

James Clement, an insider, currently the Exec VP – CFO and Treasurer of Petroquest Energy Inc sold roughly 2,764 shares of the firm worth roughly $11,632 U.S. Dollars at an average 4.2 U.S. Dollars for every share. The sale was made on November 30, 2016 and this act was unveiled in a 4F filing which was filed with the U.S. Security and Exchange Commission. This 4F filing is free at your disposal here. James Clement right now has ownership of 69,096 shares which are equivalent to exactly 0.30% of the Louisiana-Company’s total market cap.

Petroquest Energy Inc (NYSE:PQ) Ratings Coverage

Out of 10 analysts covering Petroquest Energy Inc. (NYSE:PQ), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. $5 is the highest target while $1.40 is the lowest. The $2.85 average target is -31.98% below today’s ($4.19) stock price. Petroquest Energy Inc. has been the topic of 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, June 7 the stock rating was downgraded by Seaport Global to “Accumulate”. On Tuesday, August 11 the stock rating was upgraded by Zacks to “Strong Sell”. The company was upgraded on Friday, August 26 by Johnson Rice. The stock has “Buy” rating given by Seaport Global on Wednesday, March 30. The stock of Petroquest Energy Inc (NYSE:PQ) earned “Equal-Weight” rating by Capital One on Thursday, August 4. The company was maintained on Thursday, August 6 by Imperial Capital. Iberia Capital Partners downgraded Petroquest Energy Inc (NYSE:PQ) on Monday, August 17 to “Sector Perform” rating. Howard Weil downgraded the shares of PQ in a report on Monday, December 14 to “Sector Perform” rating. Seaport Global Securities upgraded Petroquest Energy Inc (NYSE:PQ) rating on Friday, August 26. Seaport Global Securities has “Buy” rating and $5 price target. The firm has “Sell” rating by Zacks given on Friday, September 4.

The stock increased 8.83% or $0.34 on November 30, hitting $4.19. About 278,251 shares traded hands or 120.66% up from the average. Petroquest Energy Inc (NYSE:PQ) has risen 13.99% since April 27, 2016 and is uptrending. It has outperformed by 8.76% the S&P500.

PetroQuest Energy, Inc. is an oil and gas company. The company has a market cap of $81.35 million. The Firm is engaged in exploratory, development and acquisition activities. It currently has negative earnings. The Firm has approximately 30 gross exploratory wells and over 30 gross development wells.

According to Zacks Investment Research, “PetroQuest Energy, Inc. is an oil and gas exploration and production company primarily focused on growing its reserves and shareholder value through a combination of drilling development locations and high potential exploration prospects along and in the Gulf of Mexico.”

Analysts await Petroquest Energy Inc (NYSE:PQ) to report earnings on March, 1. They expect $-0.36 EPS, up 80.85% or $1.52 from last year’s $-1.88 per share. After $-0.82 actual EPS reported by Petroquest Energy Inc for the previous quarter, Wall Street now forecasts -56.10% EPS growth.

More notable recent Petroquest Energy Inc (NYSE:PQ) news were published by: Prnewswire.com which released: “PetroQuest Energy Announces Closing Of Its Exchange Offers And Consent ..” on September 27, 2016, also Prnewswire.com with their article: “PetroQuest Energy Announces East Texas Joint Venture” published on November 10, 2016, Prnewswire.com published: “PetroQuest Energy Announces Results Of The Exchange Offers And Consent ..” on September 14, 2016. More interesting news about Petroquest Energy Inc (NYSE:PQ) were released by: Prnewswire.com and their article: “PetroQuest Energy Announces Third Quarter 2016 Results; Updates East Texas ..” published on October 31, 2016 as well as Prnewswire.com‘s news article titled: “PetroQuest Energy Announces New $50 Million Multi-Advance Term Loan Agreement” with publication date: October 17, 2016.

PQ Company Profile

PetroQuest Energy, Inc., incorporated on August 26, 1998, is an gas and oil company. The Firm is engaged in exploratory, development and acquisition activities. The Firm has approximately 30 gross exploratory wells and over 30 gross development wells. The Firm has reserves in various areas, including East Texas, Gulf Coast Basin and Oklahoma Woodford. The Company’s 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.

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