W&T Offshore (NYSE:WTI) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Technical: W&T Offshore crossed above its 200‑day moving average ($2.23) Monday, trading as high as $3.19 and last at $3.0350 on about 13.3 million shares.
• Analyst sentiment: Ratings are mixed (one Buy, one Hold, one Sell) with an average of "Hold"; Weiss Ratings reiterated a "sell (d-)" and Zacks recently cut the stock to "hold."
• Fundamentals: The company reported an EPS miss (‑$0.14 vs. ‑$0.06 est.), has a negative P/E (‑3.00), market cap ≈$451.6M, and pays a small $0.01 quarterly dividend (~1.3% yield).

W&T Offshore, Inc. (NYSE:WTI - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.23 and traded as high as $3.19. W&T Offshore shares last traded at $3.0350, with a volume of 13,304,772 shares changing hands.

Wall Street Analysts Forecast Growth

WTI has been the topic of several research analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of W&T Offshore in a research report on Wednesday, January 21st. Zacks Research cut W&T Offshore from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold".

W&T Offshore Trading Up 10.0%

The firm has a market capitalization of $451.55 million, a P/E ratio of -3.00 and a beta of 0.09. The business's fifty day moving average is $2.84 and its 200 day moving average is $2.23.

W&T Offshore (NYSE:WTI - Get Free Report) last posted its quarterly earnings results on Monday, March 16th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.08). The business had revenue of $121.71 million during the quarter, compared to the consensus estimate of $115.36 million. As a group, sell-side analysts predict that W&T Offshore, Inc. will post -0.45 earnings per share for the current fiscal year.

W&T Offshore Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 19th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.04 dividend on an annualized basis and a yield of 1.3%. W&T Offshore's dividend payout ratio (DPR) is currently -3.96%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WTI. AXQ Capital LP acquired a new position in W&T Offshore during the third quarter valued at $28,000. StoneX Group Inc. bought a new position in shares of W&T Offshore during the 4th quarter valued at $28,000. Oxford Asset Management LLP acquired a new stake in shares of W&T Offshore in the second quarter worth about $29,000. Wealth Enhancement Advisory Services LLC acquired a new stake in W&T Offshore in the 3rd quarter worth approximately $30,000. Finally, HBK Sorce Advisory LLC bought a new stake in shares of W&T Offshore during the 3rd quarter worth $30,000. 42.88% of the stock is owned by hedge funds and other institutional investors.

About W&T Offshore

W&T Offshore, Inc is an independent oil and gas exploration and production company focused primarily on offshore operations in the Gulf of Mexico. The company acquires, develops and produces crude oil and natural gas reserves, operating a portfolio of producing properties that encompasses both shallow-water and deepwater assets. W&T Offshore leverages its technical expertise and asset management capabilities to optimize field development and production efficiency across its portfolio.

Founded in 1983 and headquartered in Covington, Louisiana, W&T Offshore has built a track record of disciplined growth through strategic acquisitions and targeted exploration activities.

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