W&T Offshore (NYSE:WTI) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

W&T Offshore (NYSE:WTI) announced its earnings results on Monday. The oil and gas company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01), Zacks reports. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%.

W&T Offshore Stock Down 6.9 %

NYSE:WTI traded down $0.12 on Monday, hitting $1.56. 1,873,997 shares of the company’s stock were exchanged, compared to its average volume of 1,474,000. The firm has a 50-day moving average price of $1.69 and a 200-day moving average price of $1.94. W&T Offshore has a 52 week low of $1.33 and a 52 week high of $3.05. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $229.14 million, a P/E ratio of -3.62 and a beta of 1.32.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of W&T Offshore from a “sell” rating to a “hold” rating in a research note on Friday, December 13th.

W&T Offshore Company Profile

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.