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

• W&T Offshore Inc WTI reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of three analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -9 cents to -2 cents per share.

• Revenue rose 6.9% to $140.79 million from a year ago; analysts expected $139.56 million.

• W&T Offshore Inc's reported EPS for the quarter was a loss of 8 cents​.

• The company reported a quarterly loss of $11.47 million.

• W&T Offshore Inc shares had fallen by 10.2% this quarter and lost 27.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 265% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong 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 "buy."

Wall Street's median 12-month price target for W&T Offshore Inc is $8.90

This summary was machine generated from LSEG data May 10 at 11:03 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)