W&T Offshore (NYSE:WTI – Get Free Report) will be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect W&T Offshore to post earnings of ($0.19) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
W&T Offshore (NYSE:WTI – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The company had revenue of $142.70 million for the quarter, compared to analyst estimates of $148.05 million. W&T Offshore had a negative return on equity of 103.71% and a negative net margin of 4.51%. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. On average, analysts expect W&T Offshore to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
W&T Offshore Stock Up 2.8 %
Shares of NYSE WTI traded up $0.06 during mid-day trading on Tuesday, reaching $2.20. The company had a trading volume of 826,459 shares, compared to its average volume of 2,086,799. The firm has a 50 day simple moving average of $2.17 and a two-hundred day simple moving average of $2.23. W&T Offshore has a 52-week low of $1.92 and a 52-week high of $4.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 75.32. The stock has a market cap of $323.09 million, a P/E ratio of -12.59 and a beta of 1.40.
Wall Street Analyst Weigh In
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W&T Offshore Company Profile
W&T Offshore, Inc, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.
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