W&T Offshore (NYSE:WTI) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 31st. Analysts expect W&T Offshore to post earnings of $0.21 per share for the quarter.
W&T Offshore (NYSE:WTI) last released its quarterly earnings data on Wednesday, August 1st. The oil and gas company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. W&T Offshore had a net margin of 16.40% and a negative return on equity of 18.00%. The firm had revenue of $149.60 million for the quarter, compared to analysts’ expectations of $150.66 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, analysts expect W&T Offshore to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
WTI stock opened at $6.82 on Monday. W&T Offshore has a 12-month low of $2.60 and a 12-month high of $9.88. The stock has a market capitalization of $949.03 million, a price-to-earnings ratio of 12.18 and a beta of 2.56.
W&T Offshore Company Profile
W&T Offshore, Inc, an independent oil and natural gas producer, acquires, explores for, and develops oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interests in approximately 49 offshore fields in federal and state waters.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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