W&T Offshore, Inc. (NYSE:WTI - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Stockholders of record on Monday, August 18th will be paid a dividend of 0.01 per share by the oil and gas company on Monday, August 25th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, August 18th.
W&T Offshore has a payout ratio of -8.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect W&T Offshore to earn ($0.43) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -9.3%.
W&T Offshore Stock Performance
WTI traded down $0.06 on Thursday, hitting $1.75. The company had a trading volume of 702,644 shares, compared to its average volume of 1,807,164. W&T Offshore has a 12-month low of $1.09 and a 12-month high of $2.84. The stock has a market capitalization of $257.65 million, a price-to-earnings ratio of -2.30 and a beta of 0.70. The stock has a fifty day moving average price of $1.80 and a 200-day moving average price of $1.58.
W&T Offshore (NYSE:WTI - Get Free Report) last posted its earnings results on Monday, August 4th. The oil and gas company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.06. The firm had revenue of $122.37 million during the quarter, compared to analyst estimates of $131.30 million. Analysts forecast that W&T Offshore will post -0.45 EPS for the current fiscal year.
About W&T Offshore
(
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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.
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