PetroQuest Energy rises after beating Q3 Street estimates
PetroQuest Energy, Inc. (NYSE: PQ) shares are up in pre-market trading after the oil and gas company reported third-quarter sales of $65.5 million, above analyst estimates of $62.48 million and up 19% from $55.09 million a year earlier.
The Lafayette, La.-based firm’s profit for the three months ended Sept. 30 totaled $8.04 million, or $0.16 per share, beating Wall Street estimates of $0.14 per share and up 23% from $6.54 million, or $0.13 per share, during the same period of 2006.
The company’s quarterly expenses rose 19% to $52.59 million, from $44.36 million a year earlier.
In pre-market trading, PQ shares are up 3.86%, or $0.49, at $13.20. Over the last 52 weeks, shares have ranged from $10.02 to $15.99.
