W&T Offshore Inc. (NYSE:WTI) Director Virginia Boulet bought 16,700 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were acquired at an average cost of $1.59 per share, for a total transaction of $26,553.00. Following the completion of the transaction, the director now owns 116,104 shares of the company’s stock, valued at approximately $184,605.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

W&T Offshore Inc. (NYSE:WTI) opened at 1.60 on Thursday. The firm’s market capitalization is $122.36 million. The company has a 50-day moving average price of $1.81 and a 200-day moving average price of $2.14. W&T Offshore Inc. has a 1-year low of $1.23 and a 1-year high of $4.00.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.22. The company had revenue of $99.70 million for the quarter, compared to analysts’ expectations of $102.64 million. During the same quarter in the prior year, the firm earned ($0.54) earnings per share. The company’s revenue was down 33.1% on a year-over-year basis. On average, equities research analysts predict that W&T Offshore Inc. will post ($2.16) earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Group LTD boosted its position in W&T Offshore by 36.4% in the first quarter. BlackRock Group LTD now owns 50,408 shares of the company’s stock valued at $110,000 after buying an additional 13,454 shares in the last quarter. KCG Holdings Inc. boosted its position in W&T Offshore by 11.0% in the second quarter. KCG Holdings Inc. now owns 50,719 shares of the company’s stock valued at $118,000 after buying an additional 5,034 shares in the last quarter. Retirement Planning Group boosted its position in W&T Offshore by 250.0% in the first quarter. Retirement Planning Group now owns 70,000 shares of the company’s stock valued at $153,000 after buying an additional 50,000 shares in the last quarter. KBC Group NV bought a new position in W&T Offshore during the second quarter valued at approximately $173,000. Finally, BlackRock Investment Management LLC boosted its position in W&T Offshore by 11.6% in the second quarter. BlackRock Investment Management LLC now owns 151,956 shares of the company’s stock valued at $353,000 after buying an additional 15,834 shares in the last quarter. Institutional investors and hedge funds own 26.01% of the company’s stock.

Separately, Zacks Investment Research raised W&T Offshore from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research report on Tuesday, July 26th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. W&T Offshore has a consensus rating of “Hold” and a consensus target price of $2.35.

W&T Offshore Company Profile

W&T Offshore, Inc is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. The Company owns a platform in the Gulf of Mexico located in a National Marine Sanctuary. The Company’s fields are located in federal and state waters in the Gulf of Mexico.

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