W&T Offshore, Inc. (NYSE:WTI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.57 and traded as high as $1.86. W&T Offshore shares last traded at $1.86, with a volume of 2,044,828 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut W&T Offshore from a "hold" rating to a "sell" rating in a report on Sunday, June 22nd.
Check Out Our Latest Research Report on W&T Offshore
W&T Offshore Trading Up 1.7%
The business has a fifty day moving average of $1.66 and a 200 day moving average of $1.58. The company has a market capitalization of $267.25 million, a PE ratio of -2.51 and a beta of 0.68.
W&T Offshore (NYSE:WTI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.01. The company had revenue of $129.87 million during the quarter, compared to analyst estimates of $123.91 million. Equities analysts forecast that W&T Offshore, Inc. will post -0.45 EPS for the current fiscal year.
W&T Offshore Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Tuesday, May 20th. W&T Offshore's dividend payout ratio is currently -5.56%.
Institutional Investors Weigh In On W&T Offshore
A number of hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position in shares of W&T Offshore by 24.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,829 shares of the oil and gas company's stock worth $67,000 after acquiring an additional 7,776 shares in the last quarter. Inspire Advisors LLC raised its position in shares of W&T Offshore by 10.0% during the 1st quarter. Inspire Advisors LLC now owns 120,643 shares of the oil and gas company's stock worth $187,000 after acquiring an additional 10,962 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of W&T Offshore by 39.9% during the 4th quarter. Wells Fargo & Company MN now owns 46,419 shares of the oil and gas company's stock worth $77,000 after acquiring an additional 13,237 shares in the last quarter. Barclays PLC raised its position in shares of W&T Offshore by 11.0% during the 4th quarter. Barclays PLC now owns 156,226 shares of the oil and gas company's stock worth $259,000 after acquiring an additional 15,445 shares in the last quarter. Finally, R Squared Ltd raised its position in shares of W&T Offshore by 48.6% during the 1st quarter. R Squared Ltd now owns 48,500 shares of the oil and gas company's stock worth $75,000 after acquiring an additional 15,870 shares in the last quarter. Institutional investors and hedge funds own 42.88% of the company's stock.
W&T Offshore Company Profile
(
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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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