W&T Offshore Inc reports results for the quarter ended December 31 - Earnings Summary

• W&T Offshore Inc WTI.N reported a quarterly adjusted loss of 16 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of two analysts for the quarter was for a loss of 14 cents per share.

• Revenue fell 9.1% to $120.35 million from a year ago; analysts expected $126.09 million.

• W&T Offshore Inc's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $23.36 million.

• W&T Offshore Inc shares had risen by 0.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 44% in the last three months.​

• In the last 30 days, there have been no negative revisions of 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 March 4 at 01:01 a.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)