Shares of WTI stock shot up huge on Thursday. This move came just a day after the company reported its latest earnings results. The oil and gas company beat on both EPS and sales. Most notably, W&T reported a loss per share of 5 cents. Though this was the case, the same year-ago period saw a loss per share of 31 cents. Sales came in at $94.75 million compared to $81.3 million.
As far as its production guidance, W&T expects 38,000 to 42,000 barrels of oil equivalent per day in 2021. The company also expects Q1 production of 1.22 million to 1.35 million barrels and 10.7 to 11.8 billion cubic feet of natural gas.
Quote Source: pennystocks.com/featured/2021/03/04/are-penny-stocks-worth-it-3-surged-markets-sold-off/
As far as its production guidance, W&T expects 38,000 to 42,000 barrels of oil equivalent per day in 2021. The company also expects Q1 production of 1.22 million to 1.35 million barrels and 10.7 to 11.8 billion cubic feet of natural gas.
Quote Source: pennystocks.com/featured/2021/03/04/are-penny-stocks-worth-it-3-surged-markets-sold-off/
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