W&T Offshore, Inc. (NYSE:WTI - Free Report) - Stock analysts at Zacks Research issued their FY2027 EPS estimates for shares of W&T Offshore in a report released on Monday, March 17th. Zacks Research analyst R. Department anticipates that the oil and gas company will post earnings of ($0.14) per share for the year. The consensus estimate for W&T Offshore's current full-year earnings is ($0.45) per share.
Separately, StockNews.com lowered shares of W&T Offshore from a "hold" rating to a "sell" rating in a report on Wednesday, March 5th.
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W&T Offshore Price Performance
NYSE:WTI traded up $0.02 during trading hours on Wednesday, reaching $1.62. The company had a trading volume of 3,107,487 shares, compared to its average volume of 1,746,240. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 75.32. The stock has a 50-day moving average of $1.65 and a two-hundred day moving average of $1.86. W&T Offshore has a one year low of $1.30 and a one year high of $2.84. The firm has a market capitalization of $238.43 million, a PE ratio of -3.76 and a beta of 1.14.
W&T Offshore Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.04 dividend on an annualized basis and a yield of 2.48%. W&T Offshore's dividend payout ratio (DPR) is presently -6.78%.
Hedge Funds Weigh In On W&T Offshore
A number of institutional investors and hedge funds have recently bought and sold shares of WTI. Geode Capital Management LLC lifted its position in W&T Offshore by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,146,569 shares of the oil and gas company's stock worth $4,616,000 after buying an additional 52,186 shares in the last quarter. Barclays PLC lifted its position in shares of W&T Offshore by 317.3% during the third quarter. Barclays PLC now owns 140,781 shares of the oil and gas company's stock worth $303,000 after purchasing an additional 107,045 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of W&T Offshore by 41.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,262,488 shares of the oil and gas company's stock valued at $2,096,000 after purchasing an additional 368,803 shares during the last quarter. FMR LLC increased its holdings in shares of W&T Offshore by 72.1% in the third quarter. FMR LLC now owns 37,846 shares of the oil and gas company's stock valued at $81,000 after purchasing an additional 15,852 shares in the last quarter. Finally, US Bancorp DE bought a new position in W&T Offshore in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 42.88% of the company's stock.
About W&T Offshore
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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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