W&T Offshore’s (WTI) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d-) rating on shares of W&T Offshore (NYSE:WTI) in a research note released on Wednesday morning,Weiss Ratings reports.

Several other equities analysts also recently issued reports on the stock. Pareto Securities began coverage on shares of W&T Offshore in a report on Thursday, September 4th. They set a “buy” rating for the company. Wall Street Zen raised shares of W&T Offshore from a “sell” rating to a “hold” rating in a report on Sunday, September 14th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

W&T Offshore Stock Performance

Shares of WTI opened at $2.07 on Wednesday. W&T Offshore has a 1 year low of $1.09 and a 1 year high of $2.49. The company has a market cap of $306.32 million, a price-to-earnings ratio of -2.72 and a beta of 0.65. The firm has a fifty day moving average of $1.83 and a 200-day moving average of $1.65.

W&T Offshore (NYSE:WTI) last announced its quarterly earnings results on Monday, August 4th. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.06. The firm had revenue of $122.37 million for the quarter, compared to analyst estimates of $131.30 million. Analysts predict that W&T Offshore will post -0.45 EPS for the current year.

W&T Offshore Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.04 annualized dividend and a yield of 1.9%. W&T Offshore’s dividend payout ratio is presently -5.26%.

Institutional Investors Weigh In On W&T Offshore

Several institutional investors have recently bought and sold shares of WTI. Huber Capital Management LLC lifted its holdings in W&T Offshore by 35.8% in the first quarter. Huber Capital Management LLC now owns 6,858,684 shares of the oil and gas company’s stock worth $10,631,000 after purchasing an additional 1,808,234 shares during the period. Millennium Management LLC lifted its holdings in W&T Offshore by 24.2% in the 1st quarter. Millennium Management LLC now owns 3,071,610 shares of the oil and gas company’s stock valued at $4,761,000 after acquiring an additional 598,614 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in W&T Offshore by 142.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 839,446 shares of the oil and gas company’s stock valued at $1,301,000 after acquiring an additional 493,692 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in W&T Offshore by 55.7% in the 2nd quarter. Fisher Asset Management LLC now owns 882,842 shares of the oil and gas company’s stock valued at $1,457,000 after acquiring an additional 315,901 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in W&T Offshore in the 1st quarter valued at about $472,000. Institutional investors and hedge funds own 42.88% of the company’s stock.

About W&T Offshore

W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.