W&T Offshore (NYSE:WTI - Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter.
W&T Offshore (NYSE:WTI - Get Free Report) last posted its quarterly earnings results 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 business 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 business's revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. 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 Trading Down 0.9 %
NYSE:WTI traded down $0.02 on Thursday, hitting $2.14. The stock had a trading volume of 774,774 shares, compared to its average volume of 2,099,618. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 75.32. The stock has a market cap of $314.27 million, a price-to-earnings ratio of -12.47 and a beta of 1.39. The company has a fifty day moving average price of $2.18 and a two-hundred day moving average price of $2.24. W&T Offshore has a 1-year low of $1.92 and a 1-year high of $4.32.
W&T Offshore Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 20th were issued a $0.01 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.04 annualized dividend and a yield of 1.87%. W&T Offshore's payout ratio is -23.53%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of W&T Offshore from a "hold" rating to a "sell" rating in a report on Thursday, September 19th.
Check Out Our Latest Report on W&T Offshore
W&T Offshore Company Profile
(
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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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