ATP Oil & Gas Misses Estimates (ATPG)

Houston, Texas based independent oil and natural gas company ATP Oil & Gas Corporation ATPG on Monday morning released financial results that failed to meet Wall Street expectations. ATP Oil & Gas Corporation reported that its 3rd quarter net loss widened to $58.4 million, or $1.15 per share, from a net loss of $9.1 million, or 20 cents per share, a year earlier. The company's revenue rose to $101.12 million, up from $75.01 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of an expected loss of 58 cents per share, on revenue of $121.4 million. ATP Oil & Gas Corporation (ATPG) ended the previous trading session at $15.11 per share. Analysts covering the company's stock have a consensus price target of $14.56 per share. Read more from Benzinga's Company news.