Weekly Analysts’ Ratings Updates for W&T Offshore (WTI)

A number of firms have modified their ratings and price targets on shares of W&T Offshore (NYSE: WTI) recently:

5/23/2018 – W&T Offshore is now covered by analysts at Roth Capital. They set a “neutral” rating and a $8.75 price target on the stock. 5/19/2018 – W&T Offshore was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area, including the deep water. They have grown through acquisition, exploitation and exploration. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over two hundred fields in federal and state waters and a majority of its daily production is derived from wells it operates. “ 5/16/2018 – W&T Offshore was downgraded by analysts at Capital One from an “equal weight” rating to an “underweight” rating. 5/15/2018 – W&T Offshore was downgraded by analysts at KLR Group from a “hold” rating to a “sell” rating. They now have a $6.00 price target on the stock. 5/5/2018 – W&T Offshore was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $7.25 price target on the stock. According to Zacks, “W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area, including the deep water. They have grown through acquisition, exploitation and exploration. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over two hundred fields in federal and state waters and a majority of its daily production is derived from wells it operates. “ 4/14/2018 – W&T Offshore was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “sell” rating. According to Zacks, “W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area, including the deep water. They have grown through acquisition, exploitation and exploration. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over two hundred fields in federal and state waters and a majority of its daily production is derived from wells it operates. “

WTI traded down $0.84 during midday trading on Monday, reaching $6.59. 5,657,179 shares of the company were exchanged, compared to its average volume of 4,683,904. The company has a debt-to-equity ratio of -1.78, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $916.61 million, a P/E ratio of 11.77 and a beta of 2.76. W&T Offshore, Inc. has a one year low of $1.81 and a one year high of $8.92.

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W&T Offshore (NYSE:WTI) last issued its quarterly earnings data on Wednesday, May 2nd. The oil and gas company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $134.20 million during the quarter, compared to analyst estimates of $137.80 million. W&T Offshore had a negative return on equity of 15.43% and a net margin of 16.71%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. equities analysts forecast that W&T Offshore, Inc. will post 0.66 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of WTI. Jefferies Group LLC bought a new stake in W&T Offshore during the 4th quarter worth approximately $191,000. Cubist Systematic Strategies LLC increased its holdings in W&T Offshore by 103.1% during the 1st quarter. Cubist Systematic Strategies LLC now owns 45,271 shares of the oil and gas company’s stock worth $201,000 after purchasing an additional 22,977 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in W&T Offshore by 183.5% during the 1st quarter. MetLife Investment Advisors LLC now owns 50,382 shares of the oil and gas company’s stock worth $223,000 after purchasing an additional 32,613 shares in the last quarter. Algert Global LLC bought a new stake in W&T Offshore during the 4th quarter worth approximately $228,000. Finally, Barclays PLC grew its holdings in shares of W&T Offshore by 99.5% in the first quarter. Barclays PLC now owns 54,373 shares of the oil and gas company’s stock valued at $241,000 after acquiring an additional 27,120 shares in the last quarter. 50.54% of the stock is owned by hedge funds and other institutional investors.

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.