W&T Offshore, Inc. (NYSE:WTI – Get Free Report) shares fell 4.4% on Tuesday . The company traded as low as $3.78 and last traded at $3.7770. 425,733 shares were traded during mid-day trading, a decline of 93% from the average session volume of 6,510,670 shares. The stock had previously closed at $3.95.
Analyst Ratings Changes
A number of brokerages have recently weighed in on WTI. Wall Street Zen upgraded shares of W&T Offshore from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Zacks Research downgraded shares of W&T Offshore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of W&T Offshore in a research report on Monday, April 20th. Finally, William Blair began coverage on shares of W&T Offshore in a research report on Friday, April 17th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.
Get Our Latest Stock Analysis on WTI
W&T Offshore Stock Performance
W&T Offshore (NYSE:WTI – Get Free Report) last posted its earnings results on Monday, March 9th. The oil and gas company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). The company had revenue of $121.71 million for the quarter, compared to analysts’ expectations of $115.36 million. Analysts expect that W&T Offshore, Inc. will post -0.12 earnings per share for the current year.
W&T Offshore Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 21st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 21st. W&T Offshore’s dividend payout ratio (DPR) is presently -4.21%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of WTI. AXQ Capital LP purchased a new position in W&T Offshore during the 3rd quarter worth $28,000. StoneX Group Inc. purchased a new position in W&T Offshore during the 4th quarter worth $28,000. Oxford Asset Management LLP purchased a new position in W&T Offshore during the 2nd quarter worth $29,000. Wealth Enhancement Advisory Services LLC purchased a new position in W&T Offshore during the 3rd quarter worth $30,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of W&T Offshore in the 3rd quarter worth $32,000. 42.88% of the stock is owned by hedge funds and other institutional investors.
W&T Offshore Company Profile
W&T Offshore, Inc is an independent oil and gas exploration and production company focused primarily on offshore operations in the Gulf of Mexico. The company acquires, develops and produces crude oil and natural gas reserves, operating a portfolio of producing properties that encompasses both shallow-water and deepwater assets. W&T Offshore leverages its technical expertise and asset management capabilities to optimize field development and production efficiency across its portfolio.
Founded in 1983 and headquartered in Covington, Louisiana, W&T Offshore has built a track record of disciplined growth through strategic acquisitions and targeted exploration activities.
Featured Stories
- Five stocks we like better than W&T Offshore
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
- The J.M. Smucker Company’s Dividend: Too Sweet to Ignore?
- From Crypto to AI: Insiders Are Trading These 3 Stocks
Receive News & Ratings for W&T Offshore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W&T Offshore and related companies with MarketBeat.com's FREE daily email newsletter.
