W&T Offshore, Inc. (NYSE:WTI) CEO Tracy W. Krohn purchased 100,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was bought at an average cost of $4.60 per share, for a total transaction of $460,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Tracy W. Krohn also recently made the following trade(s):
- On Wednesday, July 10th, Tracy W. Krohn purchased 15,000 shares of W&T Offshore stock. The stock was bought at an average cost of $4.65 per share, for a total transaction of $69,750.00.
Shares of W&T Offshore stock opened at $4.76 on Thursday. The firm has a market cap of $670.85 million, a P/E ratio of 4.71 and a beta of 3.04. W&T Offshore, Inc. has a 12 month low of $3.62 and a 12 month high of $9.88. The business’s fifty day simple moving average is $4.55.
W&T Offshore (NYSE:WTI) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). The business had revenue of $116.08 million for the quarter, compared to analyst estimates of $120.51 million. W&T Offshore had a negative return on equity of 29.98% and a net margin of 30.83%. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 EPS. Equities analysts forecast that W&T Offshore, Inc. will post 0.44 EPS for the current fiscal year.
WTI has been the topic of a number of analyst reports. ValuEngine raised Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Capital One Financial raised Cimarex Energy from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Seaport Global Securities reissued a “buy” rating on shares of W&T Offshore in a research note on Friday, June 21st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.75.
Institutional investors have recently modified their holdings of the stock. Denali Advisors LLC raised its stake in W&T Offshore by 4,858.7% during the 2nd quarter. Denali Advisors LLC now owns 14,281 shares of the oil and gas company’s stock worth $71,000 after buying an additional 13,993 shares during the period. Cetera Investment Advisers acquired a new stake in W&T Offshore during the 1st quarter worth $114,000. Legal & General Group Plc raised its stake in W&T Offshore by 22.9% during the 4th quarter. Legal & General Group Plc now owns 17,914 shares of the oil and gas company’s stock worth $74,000 after buying an additional 3,335 shares during the period. Cipher Capital LP acquired a new stake in W&T Offshore during the 4th quarter worth $76,000. Finally, LPL Financial LLC raised its stake in W&T Offshore by 33.9% during the 4th quarter. LPL Financial LLC now owns 19,476 shares of the oil and gas company’s stock worth $80,000 after buying an additional 4,930 shares during the period. 60.43% of the stock is currently owned by institutional investors and hedge funds.
W&T Offshore Company Profile
W&T Offshore, Inc, an independent oil and natural gas producer, acquires, explores for, and develops oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interests in approximately 49 offshore fields in federal and state waters.
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