W&T Offshore (NYSE:WTI - Get Free Report) issued its earnings results on Monday. The oil and gas company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.01), Zacks reports. The business had revenue of $120.35 million for the quarter, compared to the consensus estimate of $126.38 million. W&T Offshore had a negative return on equity of 775.16% and a negative net margin of 11.95%.
W&T Offshore Price Performance
Shares of W&T Offshore stock traded down $0.05 on Thursday, reaching $1.45. The stock had a trading volume of 1,439,005 shares, compared to its average volume of 1,568,379. W&T Offshore has a 1 year low of $1.30 and a 1 year high of $2.84. The company has a market cap of $212.93 million, a P/E ratio of -3.36 and a beta of 1.32. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32. The business's 50 day moving average is $1.69 and its two-hundred day moving average is $1.93.
W&T Offshore Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, March 17th. W&T Offshore's payout ratio is -9.30%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of W&T Offshore from a "hold" rating to a "sell" rating in a research report on Wednesday.
View Our Latest Report on WTI
About W&T Offshore
(
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W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.
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