W&T Offshore Inc (NYSE:WTI)’s Trend Unknown, Especially After Increased Shorts

June 15, 2018 - By Kenneth Lin

Investors sentiment decreased to 0.94 in Q1 2018. Its down 0.69, from 1.63 in 2017Q4. It fall, as 14 investors sold W&T Offshore, Inc. shares while 52 reduced holdings. 30 funds opened positions while 32 raised stakes. 68.50 million shares or 8.61% more from 63.07 million shares in 2017Q4 were reported.
Systematic Lp holds 331,915 shares or 0.03% of its portfolio. Sg Americas Ltd Com holds 0% or 12,622 shares. Susquehanna Limited Liability Partnership stated it has 74,576 shares. Engineers Gate Manager L P holds 0.04% in W&T Offshore, Inc. (NYSE:WTI) or 143,208 shares. California State Teachers Retirement Systems invested in 0% or 142,848 shares. Capital One Association stated it has 67,192 shares or 0.02% of all its holdings. Parallax Volatility Advisers L P stated it has 12,136 shares or 0% of all its holdings. Cubist Systematic Strategies Limited accumulated 45,271 shares or 0.01% of the stock. Tiaa Cref Inv Management Limited Com holds 0.01% of its portfolio in W&T Offshore, Inc. (NYSE:WTI) for 2.39 million shares. Secor L P, New York-based fund reported 189,248 shares. Vanguard Gru holds 0% or 5.18M shares in its portfolio. First Quadrant Ltd Partnership Ca holds 0.08% of its portfolio in W&T Offshore, Inc. (NYSE:WTI) for 885,869 shares. Federated Pa, Pennsylvania-based fund reported 686,009 shares. Spark Mgmt Limited Company owns 737,522 shares. Magnetar Fin Ltd Liability Corporation invested 0% in W&T Offshore, Inc. (NYSE:WTI).

Since December 18, 2017, it had 1 buying transaction, and 2 sales for $92,992 activity. Shares for $80,910 were sold by GIBBONS JOHN D. On Friday, June 1 the insider BOULET VIRGINIA bought $40,639.

The stock of W&T Offshore Inc (NYSE:WTI) registered an increase of 13.99% in short interest. WTI’s total short interest was 5.66M shares in June as published by FINRA. Its up 13.99% from 4.97M shares, reported previously. With 2.93M shares average volume, it will take short sellers 2 days to cover their WTI’s short positions. The short interest to W&T Offshore Inc’s float is 6.29%.

The stock decreased 1.33% or $0.092 during the last trading session, reaching $6.818. About 2.21M shares traded. W&T Offshore, Inc. (NYSE:WTI) has risen 210.85% since June 15, 2017 and is uptrending. It has outperformed by 198.28% the S&P500.

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 $948.32 million. It sells crude oil, natural gas liquids, and natural gas. It has a 12.28 P/E ratio. The firm holds working interests in approximately 54 offshore fields in federal and state waters.

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

Among 3 analysts covering W\u0026T Offshore (NYSE:WTI), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. W\u0026T Offshore had 4 analyst reports since January 10, 2018 according to SRatingsIntel. The stock of W&T Offshore, Inc. (NYSE:WTI) has “Sell” rating given on Tuesday, May 15 by KLR Group. On Wednesday, January 10 the stock rating was downgraded by Capital One to “Underweight”. On Monday, March 12 the stock rating was upgraded by Capital One to “Equal-Weight”. Roth Capital initiated W&T Offshore, Inc. (NYSE:WTI) on Wednesday, May 23 with “Hold” rating.

Another recent and important W&T Offshore, Inc. (NYSE:WTI) news was published by Seekingalpha.com which published an article titled: “Phillips 66 Is Cashing In On The Oil Spread” on May 21, 2018.

W&T Offshore, Inc. (NYSE:WTI) Institutional Positions Chart

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