W&T Offshore, Inc. (NYSE:WTI) – Stock analysts at Capital One Financial cut their FY2018 earnings estimates for shares of W&T Offshore in a research note issued to investors on Monday, March 12th, Zacks Investment Research reports. Capital One Financial analyst R. Tullis now anticipates that the oil and gas company will post earnings of $0.58 per share for the year, down from their previous estimate of $0.60. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for W&T Offshore’s FY2019 earnings at $0.80 EPS.
Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of W&T Offshore from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Friday, March 2nd. ValuEngine downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $2.88.
Shares of NYSE:WTI traded down $0.16 during trading on Wednesday, hitting $4.33. 1,663,491 shares of the company were exchanged, compared to its average volume of 1,698,314. The company has a market capitalization of $624.52, a PE ratio of 7.73 and a beta of 2.78. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of -1.69. W&T Offshore has a 12-month low of $1.81 and a 12-month high of $5.34.
W&T Offshore (NYSE:WTI) last issued its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $129.10 million during the quarter. W&T Offshore had a net margin of 16.36% and a negative return on equity of 13.99%.
Several large investors have recently modified their holdings of the company. Macquarie Group Ltd. raised its position in W&T Offshore by 66.6% in the 4th quarter. Macquarie Group Ltd. now owns 480,459 shares of the oil and gas company’s stock valued at $1,590,000 after purchasing an additional 192,000 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in W&T Offshore in the 4th quarter valued at $404,000. TIAA CREF Investment Management LLC increased its stake in W&T Offshore by 314.9% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,769,368 shares of the oil and gas company’s stock valued at $9,167,000 after buying an additional 2,101,835 shares during the period. Teachers Advisors LLC increased its stake in W&T Offshore by 31.5% in the 4th quarter. Teachers Advisors LLC now owns 557,143 shares of the oil and gas company’s stock valued at $1,844,000 after buying an additional 133,354 shares during the period. Finally, Two Sigma Investments LP increased its stake in W&T Offshore by 122.1% in the 4th quarter. Two Sigma Investments LP now owns 376,144 shares of the oil and gas company’s stock valued at $1,245,000 after buying an additional 206,749 shares during the period. Institutional investors and hedge funds own 48.69% of the company’s stock.
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W&T Offshore Company Profile
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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