W&T Offshore, Inc. (NYSE:WTI) – Equities researchers at Capital One upped their FY2018 earnings per share (EPS) estimates for shares of W&T Offshore in a research note issued to investors on Wednesday, May 16th. Capital One analyst R. Tullis now forecasts that the oil and gas company will post earnings of $0.78 per share for the year, up from their previous forecast of $0.60. Capital One currently has a “Underweight” rating on the stock. Capital One also issued estimates for W&T Offshore’s FY2019 earnings at $0.61 EPS.
W&T Offshore (NYSE:WTI) last released its earnings results on Wednesday, May 2nd. The oil and gas company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. W&T Offshore had a negative return on equity of 15.43% and a net margin of 16.71%. The company had revenue of $134.20 million during the quarter, compared to the consensus estimate of $137.80 million. During the same period in the previous year, the company posted $0.16 EPS. W&T Offshore’s revenue was up 7.9% compared to the same quarter last year.
A number of other equities analysts also recently commented on the company. Zacks Investment Research raised 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 cut W&T Offshore from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Finally, KLR Group cut W&T Offshore from a “hold” rating to a “sell” rating and set a $6.00 target price for the company. in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $4.92.
Shares of W&T Offshore stock opened at $8.27 on Friday. W&T Offshore has a one year low of $7.50 and a one year high of $7.79. The stock has a market cap of $1.09 billion, a PE ratio of 12.65 and a beta of 2.76. The company has a debt-to-equity ratio of -1.78, a current ratio of 1.62 and a quick ratio of 1.62.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jefferies Group LLC purchased a new stake in shares of W&T Offshore during the fourth quarter worth approximately $191,000. Cubist Systematic Strategies LLC grew its holdings in W&T Offshore by 103.1% during the first quarter. Cubist Systematic Strategies LLC now owns 45,271 shares of the oil and gas company’s stock worth $201,000 after acquiring an additional 22,977 shares during the period. MetLife Investment Advisors LLC grew its holdings in W&T Offshore by 183.5% during the first quarter. MetLife Investment Advisors LLC now owns 50,382 shares of the oil and gas company’s stock worth $223,000 after acquiring an additional 32,613 shares during the period. Algert Global LLC acquired a new position in W&T Offshore during the fourth quarter worth $228,000. Finally, Barclays PLC grew its holdings in W&T Offshore by 99.5% during the first quarter. Barclays PLC now owns 54,373 shares of the oil and gas company’s stock worth $241,000 after acquiring an additional 27,120 shares during the period. Institutional investors own 50.98% of the company’s stock.
W&T Offshore Company Profile
W&T Offshore, Inc, an independent oil and natural gas producer, acquires, explores for, and develops oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interests in approximately 49 offshore fields in federal and state waters.
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