Petroquest Energy Inc (PQ) Releases Earnings Results, Misses Expectations By $-0.91 EPS

Petroquest Energy Inc (PQ) reported quarterly earnings results on Monday, Aug-1-2016. The company reported $-1.38 earnings per share for the quarter, missing the analyst consensus estimate by $-0.91. Analysts had a consensus of $-0.47. The company posted revenue of $15.80 million in the period, compared to analysts expectations of $15.94 million. The company’s revenue was down -51.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.94 EPS.

Many Wall Street Analysts have commented on Petroquest Energy Inc. Petroquest Energy Inc was Downgraded by Seaport Global Securities to ” Accumulate” on Jun 7, 2016.

Petroquest Energy Inc opened for trading at $2.97 and hit $3.3 on the upside on Friday, eventually ending the session at $3.23, with a gain of 9.49% or 0.28 points. The heightened volatility saw the trading volume jump to 99,577 shares. Company has a market cap of $57 M.

In a different news, on Aug 28, 2015, William W Iv Rucks (director) purchased 8,679 shares at $1.08 per share price. According to the SEC, on Jul 10, 2015, Charles T Goodson (Chairman, CEO and President) sold 12,000 shares at $1.77 per share price.

PetroQuest Energy Inc. is an independent energy company engaged in the exploration development acquisition and production of oil and natural gas reserves in East Texas Arkoma Basin South Louisiana and the shallow waters of the Gulf of Mexico. The Company is focused in the Gulf Coast Basin with onshore properties principally in southern Louisiana and offshore properties in the shallow waters of the Gulf of Mexico shelf. As of December 31 2013 the Company has 95% drilling success rate on 918 gross wells drilled. The Company’s projects are focused on Oklahoma – Woodford East Texas and Gulf Coast Basin. Its Oklahoma – Woodford has drilled and participated in 25 gross wells. Its East Texas properties have approximately 2000 net acres. The Gulf Coast Basin has five gross wells with a production of 39.1 MMcfe per day.

Petroquest Energy Inc

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