News stories about W&T Offshore (NYSE:WTI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. W&T Offshore earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.1369299722513 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Shares of WTI traded down $0.16 during trading hours on Friday, reaching $4.33. The company had a trading volume of 1,663,491 shares, compared to its average volume of 1,698,314. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of -1.69. The company has a market capitalization of $624.52, a PE ratio of 7.73 and a beta of 2.78. 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 announced its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The business 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%. research analysts anticipate that W&T Offshore will post 0.58 EPS for the current year.
A number of equities analysts have recently issued reports on the stock. Capital One Financial downgraded shares of W&T Offshore from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 10th. ValuEngine downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Finally, Zacks Investment Research upgraded shares of W&T Offshore from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a report on Friday, March 2nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. W&T Offshore currently has an average rating of “Hold” and an average target price of $2.88.
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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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