W&T Offshore (WTI) Earns Coverage Optimism Rating of 0.04
Press coverage about W&T Offshore (NYSE:WTI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. W&T Offshore earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 49.816723154986 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- W&T Offshore, Inc. (WTI) Stock Recap – Wall Street Morning (wallstreetmorning.com)
- Volume Ticking Higher in Session For W&T Offshore Inc (WTI) and Royal Caribbean Cruises Ltd (RCL) – FLBC News (flbcnews.com)
- As the Trump Trade stumbles, time is running out for the GOP: portfolio mgr (finance.yahoo.com)
- W&T Offshore, Inc. (WTI) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- American killed during South Sudan civil strife (fishinghd.com)
A number of equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of W&T Offshore from a “sell” rating to a “hold” rating in a report on Friday, May 19th. Zacks Investment Research upgraded shares of W&T Offshore from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a report on Wednesday, May 10th. BidaskClub cut shares of W&T Offshore from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Finally, Barclays PLC reiterated a “sell” rating and issued a $1.50 price objective on shares of W&T Offshore in a report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $2.58.
W&T Offshore (NYSE WTI) remained flat at $1.91 during midday trading on Thursday. 2,743,891 shares of the stock were exchanged. W&T Offshore has a 12 month low of $1.31 and a 12 month high of $3.47. The company has a market capitalization of $262.77 million, a P/E ratio of 2.05 and a beta of 2.40. The stock has a 50 day moving average price of $1.94 and a 200-day moving average price of $2.24.
W&T Offshore (NYSE:WTI) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.21. W&T Offshore had a net margin of 25.52% and a negative return on equity of 6.08%. The firm had revenue of $123.32 million for the quarter, compared to analyst estimates of $121.30 million. During the same period in the previous year, the business earned ($0.47) EPS. The company’s revenue was up 23.7% compared to the same quarter last year. On average, equities analysts expect that W&T Offshore will post $0.54 EPS for the current fiscal year.
In other news, Director Stuart B. Katz acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $1.85 per share, with a total value of $92,500.00. Following the transaction, the director now directly owns 205,113 shares in the company, valued at approximately $379,459.05. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tracy W. Krohn acquired 132,134 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average cost of $1.85 per share, with a total value of $244,447.90. The disclosure for this purchase can be found here. Company insiders own 32.58% of the company’s stock.
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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