W&T Offshore (NYSE:WTI – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect W&T Offshore to post earnings of ($0.19) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
W&T Offshore (NYSE:WTI – Get Free Report) last released its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $142.70 million during 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%. During the same quarter last year, the business posted ($0.08) EPS. The firm’s revenue was up 13.1% on a year-over-year basis. 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 Performance
Shares of W&T Offshore stock traded up $0.06 on Tuesday, reaching $2.20. 826,459 shares of the stock were exchanged, compared to its average volume of 2,086,799. The firm has a market capitalization of $323.09 million, a PE ratio of -12.59 and a beta of 1.40. W&T Offshore has a 1-year low of $1.92 and a 1-year high of $4.25. The business has a fifty day moving average price of $2.17 and a two-hundred day moving average price of $2.23. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 75.32.
Wall Street Analyst Weigh In
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About W&T Offshore
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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