W&T Offshore (WTI) Set to Announce Quarterly Earnings on Tuesday

W&T Offshore (NYSE:WTIGet Rating) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 3rd. Analysts expect W&T Offshore to post earnings of $0.21 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

W&T Offshore (NYSE:WTIGet Rating) last released its earnings results on Tuesday, March 8th. The oil and gas company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $165.59 million for the quarter, compared to the consensus estimate of $144.98 million. W&T Offshore had a negative net margin of 7.43% and a negative return on equity of 13.06%. W&T Offshore’s revenue was up 74.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. On average, analysts expect W&T Offshore to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE:WTI opened at $4.73 on Tuesday. The company has a market cap of $676.45 million, a PE ratio of -15.77 and a beta of 2.58. W&T Offshore has a twelve month low of $2.64 and a twelve month high of $6.68. The company’s 50 day moving average is $4.61 and its two-hundred day moving average is $4.17.

Several research firms have weighed in on WTI. StockNews.com downgraded shares of W&T Offshore from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 19th. Zacks Investment Research raised shares of W&T Offshore from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Monday, January 24th. Finally, Roth Capital reaffirmed a “buy” rating on shares of W&T Offshore in a report on Tuesday, March 1st.

In other news, insider Shahid Ghauri sold 116,411 shares of the company’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $4.50, for a total value of $523,849.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 34.40% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG lifted its stake in shares of W&T Offshore by 1.1% in the 4th quarter. Deutsche Bank AG now owns 285,218 shares of the oil and gas company’s stock valued at $921,000 after purchasing an additional 3,023 shares during the period. Rhumbline Advisers raised its holdings in W&T Offshore by 2.9% during the fourth quarter. Rhumbline Advisers now owns 153,952 shares of the oil and gas company’s stock worth $497,000 after purchasing an additional 4,339 shares in the last quarter. Royal Bank of Canada raised its holdings in W&T Offshore by 5.6% during the third quarter. Royal Bank of Canada now owns 88,545 shares of the oil and gas company’s stock worth $329,000 after purchasing an additional 4,672 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of W&T Offshore by 95.5% during the third quarter. BNP Paribas Arbitrage SA now owns 25,577 shares of the oil and gas company’s stock worth $95,000 after acquiring an additional 12,491 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of W&T Offshore during the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 38.31% of the company’s stock.

W&T Offshore Company Profile (Get Rating)

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 sells crude oil, natural gas liquids, and natural gas. It holds working interest in approximately 41 offshore fields in federal and state waters.

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Earnings History for W&T Offshore (NYSE:WTI)

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