388,286 Shares in W&T Offshore, Inc. (NYSE:WTI) Bought by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. purchased a new stake in shares of W&T Offshore, Inc. (NYSE:WTI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 388,286 shares of the oil and gas company's stock, valued at approximately $645,000. Aristeia Capital L.L.C. owned approximately 0.26% of W&T Offshore as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp increased its holdings in W&T Offshore by 6.0% in the 4th quarter. Northern Trust Corp now owns 963,386 shares of the oil and gas company's stock worth $1,599,000 after buying an additional 54,409 shares in the last quarter. Boothbay Fund Management LLC bought a new position in W&T Offshore in the 4th quarter worth $41,000. Two Sigma Securities LLC purchased a new position in W&T Offshore in the 4th quarter worth approximately $207,000. Price T Rowe Associates Inc. MD grew its stake in W&T Offshore by 24.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,829 shares of the oil and gas company's stock valued at $67,000 after acquiring an additional 7,776 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of W&T Offshore by 86.0% in the fourth quarter. First Trust Advisors LP now owns 974,242 shares of the oil and gas company's stock worth $1,617,000 after buying an additional 450,467 shares in the last quarter. 42.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of W&T Offshore from a "hold" rating to a "sell" rating in a research note on Wednesday, March 5th.

W&T Offshore Stock Up 6.8 %

NYSE WTI traded up $0.09 on Thursday, hitting $1.34. The stock had a trading volume of 1,334,846 shares, compared to its average volume of 1,691,009. The business's fifty day moving average price is $1.35 and its 200 day moving average price is $1.65. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. W&T Offshore, Inc. has a 52-week low of $1.09 and a 52-week high of $2.84. The stock has a market cap of $197.09 million, a price-to-earnings ratio of -3.10 and a beta of 0.53.

W&T Offshore (NYSE:WTI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.01. The company had revenue of $129.87 million during the quarter, compared to analysts' expectations of $123.91 million. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. Equities research analysts anticipate that W&T Offshore, Inc. will post -0.45 earnings per share for the current year.

W&T Offshore Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th will be given a $0.01 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.04 dividend on an annualized basis and a yield of 3.00%. W&T Offshore's payout ratio is currently -6.78%.

W&T Offshore Company Profile

W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.