W&T Offshore Inc reports results for the quarter ended June 30 - Earnings Summary

• W&T Offshore Inc WTI.N reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of two analysts for the quarter was for a loss of 22 cents per share.

• Revenue fell 14.3% to $122.37 million from a year ago; analysts expected $128.64 million.

• W&T Offshore Inc's reported EPS for the quarter was a loss of 14 cents​.

• The company reported a quarterly loss of $20.88 million.

• W&T Offshore Inc shares had risen by 3.0% this quarter and gained 2.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 175% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 $6.13, about 71.8% above its last closing price of $1.73

This summary was machine generated from LSEG data August 4 at 09:02 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)