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Fly News Breaks for April 9, 2018
PQ
Apr 9, 2018 | 07:47 EDT
Roth Capital analyst John White downgraded PetroQuest to Neutral from Buy and lowered his price target on the shares to $1.75 from $5. The analyst notes that following the sale of the Gulf of Mexico assets and the sharply reduced production guidance for Q1 and the deferral of issuing capex guidance, PetroQuest has advised it is now shifting to pursuing its options for a joint venture partner for its East Texas Cotton Valley assets and its options for its acreage position in the emerging Louisiana Austin Chalk play.
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