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W&T Offshore, Inc. (NYSE:WTI) Declares Quarterly Dividend of $0.01

W&T Offshore logo with Oils/Energy background
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W&T Offshore, Inc. (NYSE:WTI - Get Free Report) declared a quarterly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.01 per share by the oil and gas company on Monday, March 24th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, March 17th.

W&T Offshore has a payout ratio of -400.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect W&T Offshore to earn ($0.43) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -9.3%.

W&T Offshore Price Performance

Shares of NYSE WTI traded up $0.03 during trading on Friday, reaching $1.47. The company had a trading volume of 1,262,043 shares, compared to its average volume of 1,561,416. W&T Offshore has a twelve month low of $1.30 and a twelve month high of $2.84. The stock has a market capitalization of $216.29 million, a PE ratio of -3.41 and a beta of 1.14. The stock has a 50-day moving average price of $1.69 and a two-hundred day moving average price of $1.92. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32.

Analyst Ratings Changes

Separately, StockNews.com cut W&T Offshore from a "hold" rating to a "sell" rating in a report on Wednesday.

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About W&T Offshore

(Get Free Report)

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.

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Dividend History for W&T Offshore (NYSE:WTI)

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