W&T Offshore, Inc. (NYSE:WTI) SVP Stephen L. Schroeder sold 18,762 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $2.81, for a total transaction of $52,721.22. Following the completion of the transaction, the senior vice president now directly owns 366,592 shares of the company’s stock, valued at approximately $1,030,123.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
W&T Offshore, Inc. (WTI) opened at $4.80 on Friday. W&T Offshore, Inc. has a twelve month low of $1.81 and a twelve month high of $4.91. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of -1.65. The stock has a market cap of $661.54, a PE ratio of 9.06 and a beta of 2.49.
W&T Offshore (NYSE:WTI) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. W&T Offshore had a net margin of 15.38% and a negative return on equity of 10.86%. The company had revenue of $110.30 million for the quarter, compared to the consensus estimate of $119.50 million. During the same quarter in the previous year, the firm posted ($0.24) EPS. The business’s revenue was up 2.7% compared to the same quarter last year. equities research analysts forecast that W&T Offshore, Inc. will post 0.48 earnings per share for the current year.
A number of research analysts have recently weighed in on WTI shares. Zacks Investment Research downgraded shares of W&T Offshore from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Capital One Financial downgraded shares of W&T Offshore from an “equal weight” rating to an “underweight” rating in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. W&T Offshore currently has a consensus rating of “Sell” and a consensus price target of $2.50.
W&T Offshore Company Profile
W&T Offshore, Inc is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. As of December 31, 2016, the Company had interests in offshore leases covering approximately 750,000 gross acres (450,000 net acres) spanning across the Outer Continental Shelf (OCS) off the coasts of Louisiana, Texas, Mississippi and Alabama.
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