LAFAYETTE, La., June 2, 2016 /PRNewswire/ — 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.
The Company continues to follow all NYSE requirements to regain compliance with the market capitalization and stockholders’ equity requirement, including providing quarterly reviews to the NYSE’s Listing and Compliance Committee. The Company has until June 2017 to regain compliance with this NYSE continued listing requirement.
About the Company
PetroQuest Energy, Inc. is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in Texas, Oklahoma, Louisiana and the shallow waters of the Gulf of Mexico. The Company’s common stock trades on the New York Stock Exchange under the ticker PQ.
