W&T Offshore (NYSE:WTI – Get Rating) released its earnings results on Tuesday. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03, MarketWatch Earnings reports. The business had revenue of $191.00 million during the quarter, compared to the consensus estimate of $159.49 million. W&T Offshore had a negative return on equity of 13.06% and a negative net margin of 7.43%. The business’s revenue for the quarter was up 52.1% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share.
WTI stock opened at $4.95 on Wednesday. The firm has a 50 day moving average of $4.66 and a 200-day moving average of $4.19. The firm has a market capitalization of $707.91 million, a P/E ratio of -16.50 and a beta of 2.22. W&T Offshore has a 12 month low of $2.64 and a 12 month high of $6.68.
In other W&T Offshore news, insider Shahid Ghauri sold 116,411 shares of the stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $4.50, for a total value of $523,849.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 34.40% of the stock is currently owned by insiders.
WTI has been the topic of a number of research reports. Zacks Investment Research upgraded W&T Offshore from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research note on Monday, January 24th. Roth Capital reaffirmed a “buy” rating on shares of W&T Offshore in a report on Tuesday, March 1st. Finally, StockNews.com cut shares of W&T Offshore from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 19th.
W&T Offshore Company Profile (Get Rating)
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, natural gas liquids, and natural gas. It holds working interest in approximately 41 offshore fields in federal and state waters.
- Get a free copy of the StockNews.com research report on W&T Offshore (WTI)
- 3 Earnings Plays With Big Move Potential
- There Are Weeds In The Garden At Scotts Miracle-Gro
- It’s Time For FuboTV to Stand Out in the Sea of Streaming
- 3M Stock is Worth a Look Because of the Company it Keeps
- Landstar Systems Stock Can Bottom Down Here
Receive News & Ratings for W&T Offshore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W&T Offshore and related companies with MarketBeat.com's FREE daily email newsletter.