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Petroquest Energy (PQ -6.3%) takes a hit today after its Q4 missed on both top and bottom line...
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Thursday, February 28, 11:07 AM ETPetroquest Energy (PQ -6.3%) takes a hit today after its Q4 missed on both top and bottom line consensus. The company turned to a net loss for the quarter as its bottom line was hit by lower prices, higher operating expenses and ceiling test writedowns, which largely offset an 11% increase in production. For Q1, the company sees production volumes of 87 MMcfe/d - 92 MMcfe/d, with gas up 80%, oil up 9%, and NGL up 11%.
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