W&T Offshore (WTI) Stock Rating Lowered by Capital One

W&T Offshore (NYSE:WTI) was downgraded by stock analysts at Capital One from an “equal weight” rating to an “underweight” rating in a research report issued on Wednesday, Marketbeat reports. Capital One also issued estimates for W&T Offshore’s Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.20 EPS and Q4 2018 earnings at $0.22 EPS.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of W&T Offshore from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 10th. KLR Group cut shares of W&T Offshore from a “hold” rating to a “sell” rating and set a $6.00 price objective on the stock. in a research report on Tuesday. Finally, ValuEngine cut shares of W&T Offshore from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Five analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.92.

W&T Offshore opened at $8.27 on Wednesday, Marketbeat reports. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of -1.78. W&T Offshore has a twelve month low of $7.50 and a twelve month high of $7.79. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 14.77 and a beta of 2.76.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and gas company reported $0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.19. W&T Offshore had a net margin of 16.71% and a negative return on equity of 15.43%. The business had revenue of $134.20 million for the quarter, compared to analysts’ expectations of $137.80 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. analysts anticipate that W&T Offshore will post 0.6 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund grew its holdings in shares of W&T Offshore by 23.8% in the first quarter. New York State Common Retirement Fund now owns 89,163 shares of the oil and gas company’s stock worth $395,000 after purchasing an additional 17,163 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of W&T Offshore by 103.1% in the first 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 during the last quarter. 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 worth $241,000 after purchasing an additional 27,120 shares during the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of W&T Offshore by 183.5% in the first 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 during the last quarter. Finally, Alambic Investment Management L.P. grew its holdings in shares of W&T Offshore by 2.9% in the fourth quarter. Alambic Investment Management L.P. now owns 1,295,060 shares of the oil and gas company’s stock worth $4,287,000 after purchasing an additional 36,010 shares during the last quarter. Hedge funds and other 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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