W&T Offshore (NYSE:WTI) Upgraded at Wall Street Zen

W&T Offshore (NYSE:WTI) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

W&T Offshore Stock Performance

Shares of WTI opened at $2.15 on Friday. W&T Offshore has a one year low of $1.09 and a one year high of $2.84. The company has a 50-day moving average of $1.38 and a two-hundred day moving average of $1.55. The stock has a market cap of $316.71 million, a price-to-earnings ratio of -4.99 and a beta of 0.65. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98.

W&T Offshore (NYSE:WTI) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.01. The company had revenue of $129.87 million during the quarter, compared to analysts’ expectations of $123.91 million. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. On average, equities research analysts expect that W&T Offshore will post -0.45 earnings per share for the current year.

Institutional Trading of W&T Offshore

Several institutional investors have recently made changes to their positions in WTI. Raymond James Financial Inc. acquired a new stake in shares of W&T Offshore during the fourth quarter worth approximately $32,000. US Bancorp DE acquired a new stake in shares of W&T Offshore during the fourth quarter worth approximately $33,000. Ethic Inc. acquired a new stake in shares of W&T Offshore during the fourth quarter worth approximately $36,000. Boothbay Fund Management LLC acquired a new stake in shares of W&T Offshore during the fourth quarter worth approximately $41,000. Finally, RPO LLC acquired a new stake in shares of W&T Offshore during the fourth quarter worth approximately $55,000. 42.88% of the stock is currently owned by institutional investors and hedge funds.

W&T Offshore Company 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.