Petroquest Energy Inc (PQ) 2.72 $PQ PetroQuest
Post# of 273249
PetroQuest Energy Elects To Not Make Senior Notes Interest Payment And Enter Into 30 Day Grace Period
PR Newswire - Thu Sep 01, 3:01PM CDT
PetroQuest Energy, Inc. (NYSE: PQ) announced today that, although it believes that it has current liquidity sufficient to make the approximately $6.8 million semi-annual interest payment due on September 1, 2016 with respect to its outstanding 10% Senior Notes due 2017 (the "2017 Notes", it has elected not to do so at this time, pending the outcome of its Exchange Offers and Consent Solicitation described below. Non-payment of this interest would become an event of default under the indenture governing the 2017 Notes if the payment is not made within 30 days.
PQ: 2.72 (-0.24)
PetroQuest Energy Announces Private Exchange Offers And Consent Solicitation And Entry Into Commitment Letter For Four Year $50 Million Term Loan Facility
PR Newswire - Thu Aug 25, 3:01PM CDT
PetroQuest Energy, Inc. (NYSE: PQ) announced today that it is commencing private exchange offers (the "Exchange Offers" and a consent solicitation (the "Consent Solicitation" to Eligible Holders (as defined below) for its outstanding 10% Senior Notes due 2017 (CUSIP No. 716748 AA6) (the "2017 Notes" and its outstanding 10% Second Lien Senior Secured Notes due 2021 (CUSIP 716748 AE8 / U7167U AB0) (the "2021 Notes" and together with the 2017 Notes, the "Old Notes" for up to (i) $280.295 million aggregate principal amount of its newly issued 10% Second Lien Senior Secured PIK Notes due 2021 (the "New Notes", and (ii) 3,517,000 shares of its common stock (the "Shares". The New Notes will have substantially identical terms to the 2021 Notes, except that the interest on the New Notes may be paid, at the option of the Company, at the rate of 1.00% per annum in cash and 9.00% per annum in kind ("PIK Interest" for the first three (3) interest payments after issuance and is otherwise payable in cash at the rate of 10% per annum.
PQ: 2.72 (-0.24)
BONDHOLDER ALERT UPDATE: Lawsuit on Behalf of PetroQuest Energy, Inc.'s 10% Senior Note Bondholders Has Been Transferred From The United States District Court for the Southern District of New York to the Western District of Louisiana
GlobeNewswire - Mon Aug 15, 12:50PM CDT
On May 27, 2016, a lawsuit was filed in the United States District Court for the Southern District of New York against PetroQuest Energy, Inc. (NYSEQ) on behalf of holders of the Company's "10% Senior Notes due 2017 (CUSIP No. 716748 AA6)." The lawsuit alleges violations of the federal securities laws and claims for breach of contract by the Company in connection with the private exchange offer and exit-consent solicitation for its 10% Senior Notes due 2017 announced on January 14, 2016.
PQ: 2.72 (-0.24)
PetroQuest Energy Announces Second Quarter 2016 Results
PR Newswire - Mon Aug 01, 3:07PM CDT
PetroQuest Energy, Inc. (the "Company" today announced a loss available to common stockholders for the quarter ended June 30, 2016 of $24,143,000, or $1.38 per share, compared to second quarter 2015 loss available to common stockholders of $61,083,000, or $3.77 per share. For the first six months of 2016, the Company reported a loss available to common stockholders of $63,280,000, or $3.67 per share, compared to a loss available to common stockholders of $183,323,000, or $11.31 per share, for the 2015 period. The losses during the quarter and six months ended June 30, 2016 and June 30, 2015 included non-cash ceiling test write-downs totaling $12,782,000 and $31,639,000, respectively, and $65,495,000 and $174,406,000, respectively.
PQ: 2.72 (-0.24)
Can Xerox (XRX) Spring a Surprise This Earnings Season?
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 5:08PM CDT
Xerox Corporation (XRX) is scheduled to report second-quarter 2016 results before the opening bell on Jul 29.
AR: 26.52 (+0.60), PQ: 2.72 (-0.24), XRX: 9.80 (-0.09), OGS: 62.59 (+0.30)
Is a Surprise Coming for PetroQuest Energy (PQ) This Earnings Season?
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 7:57AM CDT
PetroQuest Energy (PQ) could be an interesting stock for investors ahead of earnings, as it has a positive ESP and a favorable Zacks Rank.
PQ: 2.72 (-0.24)
PetroQuest Energy (PQ) Jumps: Stock Up 9.1% in Session
Zacks Equity Research - Zacks Investment Research - Mon Jun 06, 7:45AM CDT
PetroQuest Energy Inc. (PQ) was a big mover last session, as the company saw its shares rise over 9% on the day.
PQ: 2.72 (-0.24), EPE: 4.41 (+0.15)
PetroQuest Energy Receives Compliance Notice From The New York Stock Exchange
PR Newswire - Thu Jun 02, 5:30AM CDT
PetroQuest Energy, Inc. (the "Company" (NYSE: PQ) announced today that it has received a notice from the New York Stock Exchange ("NYSE" that the Company has regained compliance with the NYSE's continued listing requirement of a minimum average closing price of $1.00 per share over the previous consecutive 30 trading-day period. The Company recently effected a 1 for 4 reverse stock split in order to increase the market price per share of its common stock to comply with the NYSE continued listing requirement.
PQ: 2.72 (-0.24)
PetroQuest Energy Announces Approval Of Reverse Stock Split By Stockholders And Board Of Directors
PR Newswire - Wed May 18, 10:36AM CDT
PetroQuest Energy, Inc. (the "Company" (NYSE: PQ) announced today that it will effect a reverse stock split at a ratio of one share of newly issued common stock for each four shares of issued and outstanding common stock (the "Reverse Split". The purpose of the Reverse Split is to attempt to increase the per share trading price of the Company's common stock in order to regain compliance with the NYSE's continued listing standards. The Company anticipates that the Reverse Split will be effective at 5:00 p.m. Eastern Time on May 18, 2016, and that its common stock will commence trading on a split-adjusted basis as of the open of trading on May 19, 2016.
PQ: 2.72 (-0.24)
Noble Energy (NBL) Posts in-Line Q1 Loss, Revenues Lag
Zacks Equity Research - Zacks Investment Research - Wed May 04, 10:18AM CDT
Noble Energy, Inc. (NBL) reported an adjusted loss of 53 cents per share for the first quarter of 2016, in line with the Zacks Consensus Estimate.
NBL: 35.06 (+0.81), DVN: 44.21 (-0.06), PQ: 2.72 (-0.24), APC: 57.19 (+0.70)
PetroQuest Energy Announces First Quarter 2016 Results
PR Newswire - Mon May 02, 3:30PM CDT
PetroQuest Energy, Inc. (the "Company" today announced a net loss to common stockholders for the quarter ended March 31, 2016 of $39,137,000, or $0.58 per share, compared to first quarter 2015 net loss to common stockholders of $122,240,000, or $1.89 per share. The net losses for the first quarters of 2016 and 2015 included non-cash ceiling test write-downs totaling $18,857,000 and $108,911,000, respectively.
PQ: 2.72 (-0.24)
Can The Uptrend Continue for Petroquest Energy (PQ)?
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 7:47AM CDT
Investors certainly have to be happy with Petroquest Energy Inc (PQ) and its short term performance
PQ: 2.72 (-0.24)
PetroQuest Energy, Inc. Invites You To Join Its First Quarter 2016 Earnings Conference Call
PR Newswire - Thu Apr 21, 4:31PM CDT
In conjunction with PetroQuest Energy's (NYSE: PQ) release of its first quarter 2016 financial results, you are invited to listen to the conference call with management that will be webcast live on Tuesday, May 3, 2016 at 9:30 a.m. Eastern Time. The Company plans to release its results after the market closes on May 2, 2016.
PQ: 2.72 (-0.24)
PetroQuest Energy Announces Sale Of East Hoss Field And Updates Liquidity
PR Newswire - Thu Apr 21, 5:30AM CDT
PetroQuest Energy, Inc. (the "Company" (NYSE: PQ) today announced the closing of the sale of the majority of its remaining Woodford Shale assets in the East Hoss field (the "Sold Assets" for gross proceeds of $18 million, subject to purchase price adjustments between the effective date of April 1, 2016, and the closing date. The Sold Assets produced approximately 10 MMcfe/d during the first quarter of 2016. As of December 31, 2015, the Company's estimated proved reserves attributable to the Sold Assets totaled approximately 19 Bcfe - 81% proved developed with PV-10 of $16 million.
PQ: 2.72 (-0.24)
ATTENTION PETROQUEST ENERGY, INC. DEBTHOLDERS: Levi & Korsinsky, LLP is Investigating Claims on Behalf of Bondholders
BusinessWire - Thu Apr 14, 11:41AM CDT
Levi & Korsinsky announces it has commenced an investigation of PetroQuest Energy, Inc. (NYSEQ) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors in connection with its treatment of certain of its debtholders.
PQ: 2.72 (-0.24)
The Zacks Analyst Blog Highlights: Ultra Petroleum, Warren Resources, PetroQuest Energy, Rex Energy and Energy XXI
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 8:30AM CDT
The Zacks Analyst Blog Highlights: Ultra Petroleum, Warren Resources, PetroQuest Energy, Rex Energy and Energy XXI
EXXI: 0.13 (-0.01), PQ: 2.72 (-0.24), WRES: 0.09 (+0.02), UPL: 0.31 (unch), REXX: 0.56 (unch)
More Oil Producers Face Delisting
Nilanjan Choudhury - Zacks Investment Research - Wed Mar 30, 10:05AM CDT
A bevy of cash-strapped E&P companies have been warned that they face delisting for not keeping their stock price above $1.00.
EXXI: 0.13 (-0.01), PQ: 2.72 (-0.24), WRES: 0.09 (+0.02), UPL: 0.31 (unch), REXX: 0.56 (unch)
PetroQuest Energy Increases Its First Quarter 2016 Production Guidance
PR Newswire - Mon Mar 28, 5:30AM CDT
PetroQuest Energy, Inc. (the "Company" (NYSE: PQ) announced today that it is increasing its first quarter 2016 production guidance to approximately 81-82 MMcfe per day (73% gas, 11% oil and 16% NGLs) from its previously issued guidance of 72-76 MMcfe per day. The midpoint of the revised guidance represents an approximate 12% increase from the Company's production rate during the fourth quarter of 2015.
PQ: 2.72 (-0.24)
PetroQuest Energy Announces Results Of The Exchange Offer And Consent Solicitation As Of The Extended Early Tender Date
PR Newswire - Wed Feb 03, 5:30AM CST
PetroQuest Energy, Inc. (NYSE: PQ) announced today the early participation results of its previously announced private exchange offer (the "Exchange Offer" to Eligible Holders (as defined below) for up to $300 million aggregate principal amount (the "Maximum Exchange Amount" of its outstanding 10% Senior Notes due 2017 (CUSIP No. 716748 AA6) (the "Old Notes" for up to (i) $75 million of cash, (ii) $202.5 million aggregate principal amount of its newly issued 10% Second Lien Senior Secured Notes due 2021 (the "New Notes", and (iii) 6,000,000 shares of its common stock (the "Shares", and related consent solicitation (the "Consent Solicitation" to adopt certain amendments and waivers to the indenture governing the Old Notes (the "Indenture Amendments".
PQ: 2.72 (-0.24)
PetroQuest Energy Announces Successful Results Of The Exchange Offer And Consent Solicitation As Of The Early Tender Date And Extension Of Early Tender Date
PR Newswire - Fri Jan 29, 5:30AM CST
PetroQuest Energy, Inc. (NYSE: PQ) announced today the early participation results of its previously announced private exchange offer (the "Exchange Offer" to Eligible Holders (as defined below) for up to $300 million aggregate principal amount (the "Maximum Exchange Amount" of its outstanding 10% Senior Notes due 2017 (CUSIP No. 716748 AA6) (the "Old Notes" for up to (i) $75 million of cash, (ii) $202.5 million aggregate principal amount of its newly issued 10% Second Lien Senior Secured Notes due 2021 (the "New Notes", and (iii) 6,000,000 shares of its common stock (the "Shares", and related consent solicitation (the "Consent Solicitation" to adopt certain amendments and waivers to the indenture governing the Old Notes (the "Indenture Amendments".
PQ: 2.72 (-0.24)