W&T Offshore, Inc. (NYSE:WTI - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.58 and traded as high as $1.71. W&T Offshore shares last traded at $1.68, with a volume of 1,516,127 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded W&T Offshore from a "hold" rating to a "sell" rating in a research report on Sunday, June 22nd.
Check Out Our Latest Research Report on WTI
W&T Offshore Price Performance
The firm has a market cap of $251.01 million, a PE ratio of -2.36 and a beta of 0.68. The firm has a 50-day moving average price of $1.72 and a two-hundred day moving average price of $1.58.
W&T Offshore (NYSE:WTI - Get Free Report) last released its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.01. The firm had revenue of $129.87 million during the quarter, compared to analysts' expectations of $123.91 million. Research analysts forecast that W&T Offshore, Inc. will post -0.45 earnings per share for the current fiscal year.
W&T Offshore Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.04 annualized dividend and a dividend yield of 2.35%. W&T Offshore's dividend payout ratio (DPR) is presently -5.56%.
Hedge Funds Weigh In On W&T Offshore
Several hedge funds and other institutional investors have recently made changes to their positions in WTI. Raymond James Financial Inc. purchased a new position in W&T Offshore during the fourth quarter worth approximately $32,000. Ethic Inc. purchased a new position in W&T Offshore during the fourth quarter worth approximately $36,000. Boothbay Fund Management LLC purchased a new position in W&T Offshore during the fourth quarter worth approximately $41,000. RPO LLC purchased a new position in W&T Offshore during the fourth quarter worth approximately $55,000. Finally, Virtu Financial LLC purchased a new position in W&T Offshore during the fourth quarter worth approximately $66,000. Hedge funds and other institutional investors own 42.88% of the company's stock.
W&T Offshore Company Profile
(
Get Free Report)
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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