W&T Offshore, Inc. (NYSE:WTI - Free Report) - Equities research analysts at Roth Capital lowered their FY2024 earnings estimates for shares of W&T Offshore in a report issued on Thursday, November 21st. Roth Capital analyst J. White now anticipates that the oil and gas company will post earnings per share of ($0.52) for the year, down from their prior estimate of ($0.46). The consensus estimate for W&T Offshore's current full-year earnings is ($0.49) per share. Roth Capital also issued estimates for W&T Offshore's Q4 2024 earnings at ($0.25) EPS, Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.12) EPS, Q4 2025 earnings at ($0.11) EPS and FY2025 earnings at ($0.46) EPS.
Separately, StockNews.com lowered W&T Offshore from a "hold" rating to a "sell" rating in a report on Thursday, September 19th.
View Our Latest Research Report on WTI
W&T Offshore Stock Up 0.5 %
Shares of NYSE:WTI traded up $0.01 during trading hours on Monday, reaching $1.98. The stock had a trading volume of 3,770,290 shares, compared to its average volume of 2,099,492. The stock has a market capitalization of $291.77 million, a price-to-earnings ratio of -4.60 and a beta of 1.40. The firm's 50 day moving average is $2.16 and its 200-day moving average is $2.21. W&T Offshore has a 1 year low of $1.90 and a 1 year high of $3.55. The company has a debt-to-equity ratio of 75.32, a quick ratio of 0.98 and a current ratio of 0.98.
Hedge Funds Weigh In On W&T Offshore
Hedge funds have recently added to or reduced their stakes in the stock. CCG Wealth Management LLC acquired a new position in shares of W&T Offshore in the 2nd quarter valued at $26,000. Verum Partners LLC purchased a new stake in W&T Offshore in the third quarter valued at $32,000. Caprock Group LLC acquired a new position in W&T Offshore in the second quarter valued at $34,000. Paloma Partners Management Co purchased a new position in shares of W&T Offshore during the first quarter worth about $36,000. Finally, Sei Investments Co. acquired a new stake in shares of W&T Offshore during the second quarter worth about $37,000. 42.88% of the stock is currently owned by hedge funds and other institutional investors.
W&T Offshore Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, November 21st. W&T Offshore's payout ratio is -9.30%.
About W&T Offshore
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W&T Offshore, Inc, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.
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