Is W&T Offshore, Inc. (WTI) a Buy? The Stock Rises Again

March 14, 2018 - By Clifton Ray

Investors sentiment increased to 1.94 in 2017 Q3. Its up 0.28, from 1.66 in 2017Q2. It improved, as 13 investors sold W&T Offshore, Inc. shares while 19 reduced holdings. 30 funds opened positions while 32 raised stakes. 63.51 million shares or 3.99% less from 66.16 million shares in 2017Q2 were reported.
Goldman Sachs Gp has invested 0% in W&T Offshore, Inc. (NYSE:WTI). Prelude Cap Mngmt Lc holds 0% or 11,500 shares in its portfolio. Financial Bank Of America Corporation De holds 88,541 shares. D E Shaw Company has 857,675 shares. 24,636 are held by Wells Fargo & Co Mn. Northern Trust reported 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI). Ajo Ltd Partnership accumulated 753,682 shares. 39,255 are owned by Sg Americas Limited Com. Systematic Financial Ltd Partnership owns 730,220 shares. Blackrock Incorporated accumulated 5.93M shares. Schwab Charles has 0.01% invested in W&T Offshore, Inc. (NYSE:WTI) for 2.09M shares. Barclays Public Limited Company reported 4,322 shares. Bluecrest Cap Mgmt Limited has invested 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI). Legal General Grp Pcl stated it has 25,382 shares. Spark Investment Mgmt Ltd Liability Corp invested in 0.26% or 1.58M shares.

Since December 18, 2017, it had 0 buys, and 2 sales for $133,631 activity. Schroeder Stephen L also sold $52,721 worth of W&T Offshore, Inc. (NYSE:WTI) on Monday, December 18.

The stock of W&T Offshore, Inc. (NYSE:WTI) is a huge mover today! The stock increased 3.58% or $0.14 during the last trading session, reaching $4.05. About 2.00 million shares traded. W&T Offshore, Inc. (NYSE:WTI) has risen 11.39% since March 14, 2017 and is uptrending. It has underperformed by 5.31% the S&P500.
The move comes after 5 months positive chart setup for the $563.32 million company. It was reported on Mar, 14 by We have $4.41 PT which if reached, will make NYSE:WTI worth $50.70M more.

Analysts await W&T Offshore, Inc. (NYSE:WTI) to report earnings on May, 2. They expect $0.12 earnings per share, down 25.00 % or $0.04 from last year’s $0.16 per share. WTI’s profit will be $16.69 million for 8.44 P/E if the $0.12 EPS becomes a reality. After $0.17 actual earnings per share reported by W&T Offshore, Inc. for the previous quarter, Wall Street now forecasts -29.41 % negative EPS growth.

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

Among 4 analysts covering W&T Offshore (NYSE:WTI), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. W&T Offshore had 13 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of W&T Offshore, Inc. (NYSE:WTI) has “Underweight” rating given on Wednesday, January 10 by Capital One. Capital One downgraded W&T Offshore, Inc. (NYSE:WTI) on Tuesday, January 19 to “Underweight” rating. The rating was upgraded by Capital One to “Equal-Weight” on Monday, March 12. The stock has “Sector Perform” rating by Iberia Capital Partners on Monday, August 17. The stock of W&T Offshore, Inc. (NYSE:WTI) earned “Neutral” rating by Global Hunter Securities on Thursday, August 6. The rating was downgraded by Barclays Capital to “Underweight” on Monday, October 17. The rating was downgraded by KLR Group on Thursday, March 10 to “Hold”.

More notable recent W&T Offshore, Inc. (NYSE:WTI) news were published by: which released: “W&T Offshore to Participate in the ROTH Capital Partners 30th Annual Growth …” on March 13, 2018, also with their article: “W&T Offshore Announces Gulf of Mexico Joint Exploration and Development …” published on March 12, 2018, published: “W&T Offshore Announces Fourth Quarter 2017 Operational And Financial Results …” on March 01, 2018. More interesting news about W&T Offshore, Inc. (NYSE:WTI) were released by: and their article: “W&T Offshore was Successful Bidder to Acquire an Interest in the Heidelberg …” published on March 12, 2018 as well as‘s news article titled: “W&T Offshore Inc (WTI) Files 10-K for the Fiscal Year Ended on December 31, 2017” with publication date: March 03, 2018.

W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company has market cap of $563.32 million. It sells crude oil, natural gas liquids, and natural gas. It has a 7.3 P/E ratio. The firm holds working interests in approximately 54 offshore fields in federal and state waters.

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