Why Endeavour International (END) Is Plummeting on Wednesday

NEW YORK (TheStreet) -- Endeavour International (END) is plummeting on Wednesday after reporting a wider-than-expected net loss.

By late morning, shares had taken off 20.2% to $4.10.

In the three months to December, the Houston-based oiler posted a net loss of 54 cents a share. Analysts surveyed by Thomson Reuters had expected a per-share loss of 33 cents.

Revenue of $116.9 million was a 19.8% year-over-year increase and beat estimates by $27.7 million.

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TheStreet Ratings team rates ENDEAVOUR INTERNATIONAL CORP as a Sell with a ratings score of D. The team has this to say about their recommendation:

"We rate ENDEAVOUR INTERNATIONAL CORP (END) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, weak operating cash flow and unimpressive growth in net income."

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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