W&T Offshore (NYSE:WTI – Get Free Report) announced its earnings results on Thursday. The oil and gas company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07, FiscalAI reports.
W&T Offshore Trading Down 4.1%
Shares of NYSE:WTI traded down $0.17 during trading on Thursday, reaching $4.04. 3,994,383 shares of the stock were exchanged, compared to its average volume of 5,340,689. W&T Offshore has a 12 month low of $1.50 and a 12 month high of $5.08. The stock has a 50-day moving average price of $3.82 and a 200-day moving average price of $3.37. The firm has a market cap of $610.56 million, a PE ratio of -5.54 and a beta of 0.35.
W&T Offshore Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 19th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, August 19th. W&T Offshore’s dividend payout ratio is currently -5.48%.
Analyst Ratings Changes
WTI has been the topic of several recent research reports. Wall Street Zen downgraded W&T Offshore from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Roth Capital set a $4.25 price objective on W&T Offshore in a research report on Tuesday, July 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of W&T Offshore in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $4.25.
View Our Latest Analysis on W&T Offshore
About W&T Offshore
W&T Offshore, Inc is an independent oil and natural gas exploration and production company focused on the U.S. Gulf of Mexico. The company explores for, develops, and produces crude oil, natural gas, and natural gas liquids from offshore properties.
W&T Offshore’s operations have included assets in the federal and state waters of the Gulf of Mexico, spanning shelf and deepwater areas. Its activities include acquiring exploration and production interests, drilling and completing wells, and managing offshore production and related infrastructure.
Founded in 1983 by Tracy W.
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