W&T Offshore, Inc. (WTI) Stock Is Rising Now

March 14, 2018 - By Richard Conner

Investors sentiment increased to 1.94 in 2017 Q3. Its up 0.28, from 1.66 in 2017Q2. It is positive, 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.
Spark Ltd Company accumulated 1.58M shares or 0.26% of the stock. Macquarie Group Ltd has invested 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI). Nationwide Fund reported 0.01% stake. Federated Investors Incorporated Pa owns 3,090 shares or 0% of their US portfolio. Amalgamated Comml Bank has invested 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI). Millennium Ltd Com reported 2.01 million shares. California State Teachers Retirement Sys has 148,338 shares for 0% of their portfolio. Jpmorgan Chase owns 4.09 million shares. Moreover, Chicago Equity Prns Ltd has 0.15% invested in W&T Offshore, Inc. (NYSE:WTI) for 1.52M shares. National Bank & Trust Of America De has invested 0% in W&T Offshore, Inc. (NYSE:WTI). Retirement Planning Gru owns 0.05% invested in W&T Offshore, Inc. (NYSE:WTI) for 60,000 shares. The New York-based Renaissance Technology Limited Co has invested 0% in W&T Offshore, Inc. (NYSE:WTI). Wells Fargo & Co Mn has 24,636 shares for 0% of their portfolio. First Quadrant Lp Ca stated it has 0.02% of its portfolio in W&T Offshore, Inc. (NYSE:WTI). 463,538 were accumulated by Connor Clark And Lunn Inv Mngmt Limited.

Since December 18, 2017, it had 0 insider buys, and 2 sales for $133,631 activity. Schroeder Stephen L sold 18,762 shares worth $52,721.

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 2.00M 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 Barchart.com. 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 EPS, down 25.00 % or $0.04 from last year’s $0.16 per share. WTI’s profit will be $16.69M for 8.44 P/E if the $0.12 EPS becomes a reality. After $0.17 actual EPS 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. Capital One downgraded the shares of WTI in report on Tuesday, January 19 to “Underweight” rating. As per Thursday, March 10, the company rating was downgraded by KLR Group. Barclays Capital downgraded W&T Offshore, Inc. (NYSE:WTI) rating on Monday, October 17. Barclays Capital has “Underweight” rating and $1 target. The rating was upgraded by Capital One on Monday, March 12 to “Equal-Weight”. On Monday, August 17 the stock rating was downgraded by Iberia Capital Partners to “Sector Perform”. The stock has “Underweight” rating by Capital One on Wednesday, January 10. Global Hunter Securities upgraded the shares of WTI in report on Thursday, August 6 to “Neutral” rating.

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