W&T Offshore (NYSE:WTI – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
W&T Offshore Price Performance
Shares of WTI stock opened at $1.95 on Wednesday. The stock’s fifty day simple moving average is $2.26 and its 200 day simple moving average is $2.36. W&T Offshore has a one year low of $1.92 and a one year high of $4.47. The firm has a market cap of $285.64 million, a price-to-earnings ratio of -12.97 and a beta of 1.40. The company has a debt-to-equity ratio of 75.32, a current ratio of 1.06 and a quick ratio of 1.06.
W&T Offshore (NYSE:WTI – Get Free Report) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $142.70 million during the quarter, compared to analyst estimates of $148.05 million. W&T Offshore had a negative net margin of 4.51% and a negative return on equity of 103.71%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.08) EPS. On average, analysts expect that W&T Offshore will post -0.34 earnings per share for the current fiscal year.
Hedge Funds Weigh In On W&T Offshore
W&T Offshore Company Profile
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 and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.
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