W&T Offshore (NYSE:WTI - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.
W&T Offshore Price Performance
WTI traded up $0.06 on Friday, reaching $1.45. 1,539,645 shares of the company's stock were exchanged, compared to its average volume of 1,695,719. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. The stock's fifty day moving average price is $1.33 and its 200-day moving average price is $1.58. W&T Offshore has a twelve month low of $1.09 and a twelve month high of $2.84. The stock has a market cap of $214.10 million, a PE ratio of -3.37 and a beta of 0.53.
W&T Offshore (NYSE:WTI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.01. W&T Offshore had a negative return on equity of 775.16% and a negative net margin of 11.95%. The business had revenue of $129.87 million during the quarter, compared to analysts' expectations of $123.91 million. Sell-side analysts expect that W&T Offshore will post -0.45 EPS for the current year.
Hedge Funds Weigh In On W&T Offshore
Hedge funds have recently added to or reduced their stakes in the business. Huber Capital Management LLC boosted its stake in shares of W&T Offshore by 10.6% during the 4th quarter. Huber Capital Management LLC now owns 5,050,450 shares of the oil and gas company's stock worth $8,384,000 after acquiring an additional 483,954 shares in the last quarter. Quantbot Technologies LP acquired a new stake in W&T Offshore in the 4th quarter worth $111,000. Bank of New York Mellon Corp lifted its holdings in shares of W&T Offshore by 41.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,262,488 shares of the oil and gas company's stock worth $2,096,000 after acquiring an additional 368,803 shares during the period. Ameriprise Financial Inc. grew its position in W&T Offshore by 427.0% in the fourth quarter. Ameriprise Financial Inc. now owns 3,831,604 shares of the oil and gas company's stock valued at $6,360,000 after acquiring an additional 3,104,484 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of W&T Offshore in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 42.88% of the company's stock.
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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