W&T Offshore, Inc. (NYSE:WTI) SVP Stephen L. Schroeder sold 18,762 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $2.81, for a total value of $52,721.22. Following the completion of the sale, the senior vice president now directly owns 366,592 shares of the company’s stock, valued at approximately $1,030,123.52. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of W&T Offshore, Inc. (NYSE WTI) traded up $0.08 during mid-day trading on Friday, hitting $4.88. The stock had a trading volume of 4,135,900 shares, compared to its average volume of 2,470,000. The firm has a market cap of $672.57, a PE ratio of 9.21 and a beta of 2.49. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of -1.65. W&T Offshore, Inc. has a fifty-two week low of $1.81 and a fifty-two week high of $5.10.
W&T Offshore (NYSE:WTI) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. W&T Offshore had a negative return on equity of 10.86% and a net margin of 15.38%. The business had revenue of $110.30 million during the quarter, compared to analysts’ expectations of $119.50 million. During the same quarter in the previous year, the firm posted ($0.24) EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. research analysts expect that W&T Offshore, Inc. will post 0.48 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of W&T Offshore by 29.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,090,772 shares of the oil and gas company’s stock valued at $14,318,000 after purchasing an additional 937,872 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of W&T Offshore in the 2nd quarter valued at about $4,796,000. Vanguard Group Inc. increased its stake in shares of W&T Offshore by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 2,308,510 shares of the oil and gas company’s stock valued at $6,394,000 after purchasing an additional 128,417 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of W&T Offshore by 4.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,086,971 shares of the oil and gas company’s stock valued at $6,366,000 after purchasing an additional 91,099 shares in the last quarter. Finally, Chicago Equity Partners LLC increased its stake in shares of W&T Offshore by 13.2% in the 3rd quarter. Chicago Equity Partners LLC now owns 1,522,425 shares of the oil and gas company’s stock valued at $4,643,000 after purchasing an additional 177,181 shares in the last quarter. Hedge funds and other institutional investors own 47.98% of the company’s stock.
A number of analysts have commented on WTI shares. Zacks Investment Research cut W&T Offshore from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Capital One Financial cut W&T Offshore from an “equal weight” rating to an “underweight” rating in a research report on Wednesday. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock has a consensus rating of “Sell” and a consensus target price of $2.50.
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About W&T Offshore
W&T Offshore, Inc is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. As of December 31, 2016, the Company had interests in offshore leases covering approximately 750,000 gross acres (450,000 net acres) spanning across the Outer Continental Shelf (OCS) off the coasts of Louisiana, Texas, Mississippi and Alabama.
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