W&T Offshore (NYSE:WTI - Get Free Report) had its price target hoisted by equities researchers at Stifel Nicolaus from $7.50 to $7.80 in a report issued on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the oil and gas company's stock. Stifel Nicolaus' price target suggests a potential upside of 224.32% from the stock's current price.
W&T Offshore Trading Up 1.5 %
Shares of W&T Offshore stock traded up $0.03 on Tuesday, reaching $2.41. 1,802,297 shares of the company were exchanged, compared to its average volume of 2,804,617. The stock has a fifty day moving average price of $2.71 and a 200-day moving average price of $3.18. The firm has a market capitalization of $353.19 million, a price-to-earnings ratio of 24.05 and a beta of 1.52. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 11.58. W&T Offshore has a fifty-two week low of $2.32 and a fifty-two week high of $4.60.
W&T Offshore (NYSE:WTI - Get Free Report) last announced its earnings results on Tuesday, March 5th. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.08). The company had revenue of $132.30 million for the quarter, compared to analyst estimates of $138.23 million. W&T Offshore had a negative return on equity of 71.70% and a net margin of 2.93%. The firm's revenue for the quarter was down 30.3% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. On average, analysts expect that W&T Offshore will post -0.05 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Sanders Morris Harris LLC purchased a new position in W&T Offshore in the first quarter valued at about $26,000. Signaturefd LLC grew its stake in W&T Offshore by 907.2% in the fourth quarter. Signaturefd LLC now owns 8,390 shares of the oil and gas company's stock valued at $27,000 after purchasing an additional 7,557 shares in the last quarter. Norden Group LLC purchased a new position in W&T Offshore in the first quarter valued at about $29,000. SG Americas Securities LLC purchased a new position in W&T Offshore in the third quarter valued at about $51,000. Finally, Quadrant Capital Group LLC grew its stake in W&T Offshore by 131.6% in the fourth quarter. Quadrant Capital Group LLC now owns 15,607 shares of the oil and gas company's stock valued at $51,000 after purchasing an additional 8,869 shares in the last quarter. 42.88% of the stock is owned by institutional investors and hedge funds.
About W&T Offshore
(
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W&T Offshore, Inc, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.
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