New “Hold” Rating Was Given to W&T Offshore (NYSE:WTI)

May 24, 2018 - By Ellis Scott

Investors sentiment decreased to 1.63 in 2017 Q4. Its down 0.31, from 1.94 in 2017Q3. It turned negative, as 11 investors sold W&T Offshore, Inc. shares while 32 reduced holdings. 35 funds opened positions while 35 raised stakes. 63.07 million shares or 0.69% less from 63.51 million shares in 2017Q3 were reported.

Jane Street Grp Inc Lc has invested 0% in W&T Offshore, Inc. (NYSE:WTI). Proshare Ltd Liability Corporation reported 0% in W&T Offshore, Inc. (NYSE:WTI). Fuller Thaler Asset Management accumulated 0.06% or 1.51 million shares. Ameriprise reported 780,198 shares. Smith Asset Mgmt Group Incorporated L P stated it has 77,510 shares or 0.01% of all its holdings. D E Shaw And Inc has 0% invested in W&T Offshore, Inc. (NYSE:WTI) for 208,243 shares. Gsa Capital Prtnrs Llp holds 0.11% of its portfolio in W&T Offshore, Inc. (NYSE:WTI) for 561,397 shares. Art Advsrs Lc accumulated 195,450 shares. Zeke Capital Advsrs Limited holds 11,472 shares or 0% of its portfolio. Virtu Fincl Ltd Liability has 60,611 shares. Royal Comml Bank Of Canada reported 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI). Wedge Cap L Limited Partnership Nc has 94,601 shares for 0% of their portfolio. State Street Corp reported 0% stake. Cubist Systematic Strategies Limited Com reported 22,294 shares. Qcm Cayman holds 0.16% or 11,410 shares.

Since December 18, 2017, it had 0 insider buys, and 2 sales for $133,631 activity. GIBBONS JOHN D sold 29,000 shares worth $80,910.

Why Has Roth Capital Given W&T Offshore (NYSE:WTI) a $8.7500 Price Target

Roth Capital has just issued a “Hold” rating for W&T Offshore (NYSE:WTI) shares. The firm has initiated coverage on shares of WTI in an analyst note released on Wednesday morning. This target would indicate upside of 17.77 % from the stock close price of W&T Offshore (NYSE:WTI).

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

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

The stock decreased 3.76% or $0.29 during the last trading session, reaching $7.43. About 6.56 million shares traded or 131.42% up from the average. W&T Offshore, Inc. (NYSE:WTI) has risen 50.71% since May 24, 2017 and is uptrending. It has outperformed by 39.16% the S&P500.

Analysts await W&T Offshore, Inc. (NYSE:WTI) to report earnings on August, 2. They expect $0.14 earnings per share, down 36.36 % or $0.08 from last year’s $0.22 per share. WTI’s profit will be $19.46M for 13.27 P/E if the $0.14 EPS becomes a reality. After $0.19 actual earnings per share reported by W&T Offshore, Inc. for the previous quarter, Wall Street now forecasts -26.32 % negative EPS growth.

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 $1.03 billion. It sells crude oil, natural gas liquids, and natural gas. It has a 13.39 P/E ratio. The firm holds working interests in approximately 54 offshore fields in federal and state waters.

More news for W&T Offshore, Inc. (NYSE:WTI) were recently published by: Seekingalpha.com, which released: “Phillips 66 Is Cashing In On The Oil Spread” on May 21, 2018. Seekingalpha.com‘s article titled: “W&T Offshore: What An Impressive Recovery” and published on May 11, 2018 is yet another important article.

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

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