W&T Offshore Sees Unusually Large Options Volume (NYSE:WTI)

W&T Offshore, Inc. (NYSE:WTI - Get Free Report) was the recipient of unusually large options trading on Friday. Investors acquired 4,052 call options on the company. This is an increase of approximately 591% compared to the average volume of 586 call options.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of W&T Offshore from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WTI. Raymond James Financial Inc. acquired a new position in W&T Offshore in the 4th quarter valued at about $32,000. US Bancorp DE acquired a new position in shares of W&T Offshore in the fourth quarter valued at approximately $33,000. Ethic Inc. acquired a new position in shares of W&T Offshore in the fourth quarter valued at approximately $36,000. Boothbay Fund Management LLC purchased a new position in shares of W&T Offshore during the fourth quarter valued at approximately $41,000. Finally, RPO LLC acquired a new stake in W&T Offshore during the fourth quarter worth approximately $55,000. 42.88% of the stock is currently owned by institutional investors and hedge funds.

W&T Offshore Trading Down 2.8%

Shares of NYSE:WTI traded down $0.07 during trading on Friday, hitting $2.30. 1,396,114 shares of the stock were exchanged, compared to its average volume of 1,754,212. The company has a market cap of $338.86 million, a PE ratio of -3.20 and a beta of 0.65. The company has a fifty day moving average price of $1.47 and a two-hundred day moving average price of $1.56. W&T Offshore has a 12-month low of $1.09 and a 12-month high of $2.84.

W&T Offshore (NYSE:WTI - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $123.91 million. W&T Offshore had a negative return on equity of 775.16% and a negative net margin of 20.66%. Equities research analysts anticipate that W&T Offshore will post -0.45 earnings per share for the current fiscal year.

W&T Offshore Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Tuesday, May 20th. W&T Offshore's payout ratio is currently -5.56%.

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.

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