Price T Rowe Associates Inc. MD Has $67,000 Holdings in W&T Offshore, Inc. (NYSE:WTI)

Price T Rowe Associates Inc. MD increased its stake in W&T Offshore, Inc. (NYSE:WTI) by 24.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,829 shares of the oil and gas company’s stock after purchasing an additional 7,776 shares during the period. Price T Rowe Associates Inc. MD’s holdings in W&T Offshore were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of W&T Offshore during the 4th quarter worth about $32,000. US Bancorp DE acquired a new position in shares of W&T Offshore during the 4th quarter worth about $33,000. R Squared Ltd acquired a new position in shares of W&T Offshore during the 4th quarter worth about $54,000. RPO LLC acquired a new position in shares of W&T Offshore during the 4th quarter worth about $55,000. Finally, Virtu Financial LLC acquired a new position in shares of W&T Offshore during the 4th quarter worth about $66,000. 42.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of W&T Offshore from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th.

W&T Offshore Trading Up 1.0%

Shares of NYSE:WTI opened at $1.47 on Monday. W&T Offshore, Inc. has a 52-week low of $1.09 and a 52-week high of $2.84. The company has a market capitalization of $216.31 million, a P/E ratio of -3.41 and a beta of 0.53. The company has a 50-day simple moving average of $1.35 and a 200 day simple moving average of $1.61. The company has a debt-to-equity ratio of 75.32, a quick ratio of 0.98 and a current ratio of 0.98.

W&T Offshore (NYSE:WTI) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.01. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. The business had revenue of $129.87 million during the quarter, compared to the consensus estimate of $123.91 million. Sell-side analysts forecast that W&T Offshore, Inc. will post -0.45 earnings per share for the current year.

W&T Offshore Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.04 annualized dividend and a yield of 2.73%. W&T Offshore’s dividend payout ratio (DPR) is currently -5.56%.

W&T Offshore Profile

W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.