W&T Offshore (NYSE:WTI) Downgraded by Wall Street Zen to "Sell"

W&T Offshore (NYSE:WTI - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

W&T Offshore Stock Performance

W&T Offshore stock traded up $0.01 on Friday, reaching $1.51. 1,048,485 shares of the stock were exchanged, compared to its average volume of 1,681,248. The stock has a market cap of $222.22 million, a PE ratio of -3.50 and a beta of 0.53. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32. W&T Offshore has a twelve month low of $1.09 and a twelve month high of $2.84. The firm has a fifty day moving average price of $1.32 and a two-hundred day moving average price of $1.57.

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, topping the consensus estimate of ($0.14) by $0.01. The firm had revenue of $129.87 million during the quarter, compared to analyst estimates of $123.91 million. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. Sell-side analysts anticipate that W&T Offshore will post -0.45 EPS for the current year.

Institutional Trading of W&T Offshore

Institutional investors have recently bought and sold shares of the business. Huber Capital Management LLC increased its position in shares of W&T Offshore by 10.6% during the fourth quarter. Huber Capital Management LLC now owns 5,050,450 shares of the oil and gas company's stock worth $8,384,000 after buying an additional 483,954 shares during the period. Quantbot Technologies LP purchased a new position in shares of W&T Offshore in the fourth quarter worth about $111,000. Bank of New York Mellon Corp grew its stake in W&T Offshore by 41.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,262,488 shares of the oil and gas company's stock valued at $2,096,000 after acquiring an additional 368,803 shares in the last quarter. Ameriprise Financial Inc. grew its stake in W&T Offshore by 427.0% during 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 in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in W&T Offshore during the fourth quarter valued at approximately $32,000. Institutional investors own 42.88% of the company's stock.

W&T Offshore Company Profile

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.