w&t offshore, a company that works with oil and gas, did not make as much money as people thought they would in the second quarter of the year. they made a loss, which means they spent more money than they made. their earnings were less than the estimates made by zacks, a company that analyzes how well other companies are doing. this was because they produced less oil and gas than expected and their expenses were higher than expected. however, their average prices for oil and gas were higher than expected, which helped a little. w&t offshore is expected to produce more oil and gas in the third quarter and for the whole year. the company is ranked number 3, which means it is neither a strong buy nor a sell, but somewhere in between. there are other companies in the energy sector that are doing better, such as sunoco, sm energy, and baker hughes. Read from source...

bearish
Explanation: The W&T Offshore Q2 earnings report missed estimates, with lower oil-equivalent production and higher operating expenses than expected. This was partially offset by higher average realized prices for oil-equivalent production.

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