W&T Offshore (NYSE:WTI - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.
W&T Offshore Stock Performance
Shares of NYSE WTI traded down $0.01 during midday trading on Friday, hitting $1.50. 214,428 shares of the company's stock traded hands, compared to its average volume of 1,686,517. W&T Offshore has a 1 year low of $1.09 and a 1 year high of $2.84. The stock has a market capitalization of $220.74 million, a price-to-earnings ratio of -3.48 and a beta of 0.53. The company has a debt-to-equity ratio of 75.32, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a fifty day moving average of $1.32 and a 200 day moving average of $1.58.
W&T Offshore (NYSE:WTI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $123.91 million. On average, analysts forecast that W&T Offshore will post -0.45 earnings per share for the current year.
Institutional Investors Weigh In On W&T Offshore
Several hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in W&T Offshore by 24.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,829 shares of the oil and gas company's stock valued at $67,000 after buying an additional 7,776 shares during the last quarter. Inspire Advisors LLC increased its holdings in W&T Offshore by 10.0% in 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 increased its stake in shares of W&T Offshore by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 46,419 shares of the oil and gas company's stock worth $77,000 after purchasing an additional 13,237 shares in the last quarter. Barclays PLC increased its position in shares of W&T Offshore by 11.0% during the fourth quarter. Barclays PLC now owns 156,226 shares of the oil and gas company's stock worth $259,000 after purchasing an additional 15,445 shares in the last quarter. Finally, R Squared Ltd grew its position in shares of W&T Offshore by 48.6% in the first quarter. R Squared Ltd now owns 48,500 shares of the oil and gas company's stock valued at $75,000 after purchasing an additional 15,870 shares in the last quarter. 42.88% of the stock is currently owned by hedge funds and other institutional investors.
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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