W&T Offshore Inc reports results for the quarter ended in June - Earnings Summary

W&T Offshore

07/08/2024 24:24

* W&T Offshore Inc  WTI.N  reported a quarterly adjusted
loss
of 10 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -8 cents.  The mean expectation of two analysts for the
quarter was for a loss of 5 cents per share. Wall Street
expected results to range from -8 cents to -3 cents per share.
    * Revenue rose 13.1% to $142.76 million from a year ago;
analysts
expected $148.04 million. 
    * W&T Offshore Inc's reported EPS for the quarter was a loss
of 10
cents​.
    * The company reported a quarterly loss of $15.39 million.
    * W&T Offshore Inc shares had fallen by 0.5% this
quarter and
lost 34.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for W&T Offshore Inc
is $10.00 
This summary was machine generated from LSEG data August 6 at
11:24 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       -0.05          -0.10          Missed
 Mar. 31 2024      -0.05          -0.05          Met
 Dec. 31 2023      0.01           0.00           Missed
 Sep. 30 2023      0.05           0.01           Missed