NEW YORK (TheStreet) --Shares of Endeavour International Corporation (END) are falling -22.71% to $2.62 on Wednesday after reporting a net loss of $27.3 million for the 2014 first quarter, compared to a net loss of $12.1 million from the year ago quarter.
The independent oil and gas company reported a net loss on a GAAP basis of $44.9 million versus $14.0 million for the 2013 first quarter.
Net loss per common share was -91 cents for the most recent quarter, compared to -31 cents for the same quarter last year.
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Endeavour reported revenue for the 2014 first quarter was $94.2 million, compared to $57.7 million from the previous year's first quarter.
TheStreet Ratings team rates ENDEAVOUR INTERNATIONAL CORP as a Sell with a ratings score of D. TheStreet Ratings 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 unimpressive growth in net income, generally high debt management risk, disappointing return on equity and weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: