W&T Offshore (NYSE:WTI – Get Free Report) released its earnings results on Tuesday. The oil and gas company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02), Briefing.com reports. W&T Offshore had a negative return on equity of 100.74% and a negative net margin of 4.04%. The firm had revenue of $142.70 million during the quarter, compared to analyst estimates of $148.05 million. During the same quarter last year, the company earned ($0.08) earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis.
W&T Offshore Price Performance
Shares of NYSE WTI traded up $0.09 during trading on Wednesday, hitting $2.20. The company had a trading volume of 3,624,570 shares, compared to its average volume of 2,270,855. W&T Offshore has a 52 week low of $1.99 and a 52 week high of $4.51. The business’s 50-day moving average is $2.23 and its 200 day moving average is $2.50. The company has a market cap of $323.09 million, a P/E ratio of -14.67 and a beta of 1.40. The company has a debt-to-equity ratio of 18.51, a quick ratio of 1.08 and a current ratio of 1.08.
W&T Offshore Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 20th will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.04 annualized dividend and a yield of 1.82%. W&T Offshore’s dividend payout ratio (DPR) is -26.67%.
Wall Street Analysts Forecast Growth
Read Our Latest Report on W&T Offshore
About W&T Offshore
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 and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.
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