W&T Offshore (WTI) Given News Sentiment Rating of -0.04
Media stories about W&T Offshore (NYSE:WTI) have trended somewhat negative this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. W&T Offshore earned a news sentiment score of -0.04 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 50.5053708702238 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the next several days.
W&T Offshore (NYSE WTI) traded down 12.86% during midday trading on Friday, reaching $3.05. The company’s stock had a trading volume of 6,660,325 shares. The company has a 50 day moving average price of $1.99 and a 200 day moving average price of $2.19. The firm has a market cap of $419.60 million, a price-to-earnings ratio of 3.27 and a beta of 2.41. W&T Offshore has a 1-year low of $1.31 and a 1-year high of $3.56.
W&T Offshore (NYSE:WTI) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.21. W&T Offshore had a negative return on equity of 6.08% and a net margin of 25.52%. The business had revenue of $123.32 million for the quarter, compared to analysts’ expectations of $121.30 million. During the same quarter last year, the firm earned ($0.47) earnings per share. The business’s revenue was up 23.7% on a year-over-year basis. On average, equities research analysts expect that W&T Offshore will post $0.53 EPS for the current year.
A number of brokerages recently weighed in on WTI. ValuEngine downgraded W&T Offshore from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Zacks Investment Research raised W&T Offshore from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Barclays PLC reaffirmed a “sell” rating and set a $1.50 price objective on shares of W&T Offshore in a research report on Friday, July 7th. Finally, BidaskClub downgraded W&T Offshore from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $2.50.
In other news, Director Stuart B. Katz bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average cost of $1.85 per share, with a total value of $92,500.00. Following the transaction, the director now owns 205,113 shares of the company’s stock, valued at approximately $379,459.05. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tracy W. Krohn bought 918,763 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was purchased at an average cost of $2.08 per share, for a total transaction of $1,911,027.04. Following the completion of the transaction, the chief executive officer now directly owns 44,532,480 shares in the company, valued at approximately $92,627,558.40. The disclosure for this purchase can be found here. Insiders have bought 1,388,841 shares of company stock worth $2,804,309 in the last 90 days. 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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