W&T Offshore, Inc. (NYSE:WTI - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.56 and traded as high as $1.72. W&T Offshore shares last traded at $1.66, with a volume of 1,724,350 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of W&T Offshore from a "hold" rating to a "sell" rating in a report on Sunday, June 22nd.
Get Our Latest Analysis on WTI
W&T Offshore Trading Down 1.7%
The stock has a market capitalization of $261.34 million, a P/E ratio of -2.46 and a beta of 0.68. The company has a 50-day moving average price of $1.61 and a 200 day moving average price of $1.57.
W&T Offshore (NYSE:WTI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.01. The business had revenue of $129.87 million for the quarter, compared to analysts' expectations of $123.91 million. As a group, research analysts expect that W&T Offshore, Inc. will post -0.45 earnings per share for the current year.
W&T Offshore Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.04 annualized dividend and a yield of 2.26%. W&T Offshore's payout ratio is presently -5.56%.
Hedge Funds Weigh In On W&T Offshore
Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of W&T Offshore in the fourth quarter worth $32,000. US Bancorp DE purchased a new stake in W&T Offshore in the 4th quarter worth approximately $33,000. Ethic Inc. purchased a new position in shares of W&T Offshore during the 4th quarter valued at approximately $36,000. Boothbay Fund Management LLC acquired a new position in shares of W&T Offshore in the 4th quarter valued at $41,000. Finally, RPO LLC purchased a new stake in W&T Offshore during the fourth quarter worth $55,000. 42.88% of the stock is owned by hedge funds and other institutional investors.
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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