Stock of the Day: Does W&T Offshore, Inc. Have Any Gas After Today’s Significant Increase?

Stock of the Day: Does W&T Offshore, Inc. Have Any Gas After Today's Significant Increase?

The stock of W&T Offshore, Inc. (NYSE:WTI) is a huge mover today! About 7.87 million shares traded hands or 854.60% up from the average. W&T Offshore, Inc. (NYSE:WTI) has declined 33.73% since April 28, 2016 and is downtrending. It has underperformed by 39.65% the S&P500.
The move comes after 8 months positive chart setup for the $317.98 million company. It was reported on Dec, 1 by Barchart.com. We have $2.24 PT which if reached, will make NYSE:WTI worth $25.44M more.

Analysts await W&T Offshore, Inc. (NYSE:WTI) to report earnings on March, 14. They expect $-0.28 earnings per share, up 36.36% or $0.16 from last year’s $-0.44 per share. After $-0.24 actual earnings per share reported by W&T Offshore, Inc. for the previous quarter, Wall Street now forecasts 16.67% negative EPS growth.

W&T Offshore, Inc. (NYSE:WTI) Ratings Coverage

Out of 4 analysts covering W&T Offshore (NYSE:WTI), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. W&T Offshore has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Monday, August 17 by Iberia Capital Partners. The stock of W&T Offshore, Inc. (NYSE:WTI) has “Underweight” rating given on Monday, October 17 by Barclays Capital. The rating was upgraded by Global Hunter Securities on Thursday, August 6 to “Neutral”. The rating was downgraded by KLR Group to “Hold” on Thursday, March 10. The company was downgraded on Tuesday, January 19 by Capital One.

According to Zacks Investment Research, “W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area, including the deep water. They have grown through acquisition, exploitation and exploration. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over two hundred fields in federal and state waters and a majority of its daily production is derived from wells it operates.”

Insitutional Activity: The institutional sentiment increased to 1.82 in 2016 Q2. Its up 1.35, from 0.47 in 2016Q1. The ratio is positive, as 23 funds sold all W&T Offshore, Inc. shares owned while 24 reduced positions. 4 funds bought stakes while 18 increased positions. They now own 19.77 million shares or 17.60% less from 23.99 million shares in 2016Q1.
The United Kingdom-based Legal & General Group Public Ltd has invested 0% in W&T Offshore, Inc. (NYSE:WTI). Great West Life Assurance Company Can reported 1,515 shares or 0% of all its holdings. Kcg Holding Inc has 50,719 shares for 0% of their US portfolio. Dimensional Fund Advsrs L P last reported 0% of its portfolio in the stock. Quantitative Inv Limited Liability holds 0% or 15,000 shares in its portfolio. Geode Capital Management Limited Liability owns 206,948 shares or 0% of their US portfolio. Northern owns 373,733 shares or 0% of their US portfolio. Moreover, Blackrock Japan has 0% invested in W&T Offshore, Inc. (NYSE:WTI) for 10 shares. Moreover, Pnc Fin Serv Group Inc Inc has 0% invested in W&T Offshore, Inc. (NYSE:WTI) for 234 shares. The California-based Cetera Advisor has invested 0% in W&T Offshore, Inc. (NYSE:WTI). Moreover, Bridgeway Capital Inc has 0.03% invested in W&T Offshore, Inc. (NYSE:WTI) for 753,100 shares. Horizon Kinetics Limited Company accumulated 0.01% or 194,719 shares. Teachers has invested 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI). Blackrock reported 11,822 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement System last reported 39,239 shares in the company.

Insider Transactions: Since September 15, 2016, the stock had 2 insider purchases, and 1 sale for $16,330 net activity. 25,000 shares were bought by KATZ STUART B, worth $39,250. Shares for $26,553 were bought by BOULET VIRGINIA on Thursday, September 15. 35,000 shares with value of $49,473 were sold by GIBBONS JOHN D on Wednesday, November 9.

More recent W&T Offshore, Inc. (NYSE:WTI) news were published by: Seekingalpha.com which released: “W&T Offshore Poised To Profit From A Trump Presidency” on November 28, 2016. Also Prnewswire.com published the news titled: “W&T Offshore Announces Expiration and Final Results for Exchange Offer and …” on September 02, 2016. Prnewswire.com‘s news article titled: “W&T Offshore Announces Closing of Exchange Offer and New Capital Financing” with publication date: September 08, 2016 was also an interesting one.

WTI Company Profile

W&T Offshore, Inc., incorporated on April 27, 2004, is an independent oil and natural gas producer. The Firm is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. The Firm owns a platform in the Gulf of Mexico located in a National Marine Sanctuary. The Company’s fields are located in federal and state waters in the Gulf of Mexico. The fields are found in water depths ranging from 10 feet to 7,200 feet. The Company’s fields include Ship Shoal 349 Field (Mahogany), Fairway Field, Miss. Canyon 243 (Matterhorn), Viosca Knoll 783 (Tahoe/SE Tahoe), Miss. Canyon 782 (Dantzler), Main Pass 108, Brazos A133, Ewing Bank 910, Miss. Canyon 698 (Big Bend) and Miss. Canyon 538/582 (Medusa). The Firm sells its crude oil, natural gas liquids (NGLs) and natural gas to third-party customers. The Company’s subsidiary is W & T Energy VI, LLC.

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