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.
View Our Latest Research Report on WTI
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.
Read More
Before you consider W&T Offshore, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W&T Offshore wasn't on the list.
While W&T Offshore currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
