W&T Offshore, Inc. (NYSE:WTI) CEO Tracy W. Krohn acquired 918,763 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was purchased at an average price of $2.08 per share, with a total value of $1,911,027.04. Following the completion of the acquisition, the chief executive officer now directly owns 44,532,480 shares of the company’s stock, valued at $92,627,558.40. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tracy W. Krohn also recently made the following trade(s):

  • On Thursday, August 31st, Tracy W. Krohn acquired 271,444 shares of W&T Offshore stock. The stock was purchased at an average price of $1.90 per share, with a total value of $515,743.60.
  • On Wednesday, August 23rd, Tracy W. Krohn acquired 132,134 shares of W&T Offshore stock. The stock was purchased at an average price of $1.85 per share, with a total value of $244,447.90.

W&T Offshore, Inc. (NYSE:WTI) opened at 2.40 on Friday. The company has a market capitalization of $330.18 million, a P/E ratio of 2.58 and a beta of 2.41. W&T Offshore, Inc. has a one year low of $1.31 and a one year high of $3.47. The firm has a 50-day moving average of $1.96 and a 200-day moving average of $2.20.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.21. The company had revenue of $123.32 million for the quarter, compared to analyst estimates of $121.30 million. W&T Offshore had a negative return on equity of 6.08% and a net margin of 25.52%. W&T Offshore’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.47) EPS. On average, analysts anticipate that W&T Offshore, Inc. will post $0.53 earnings per share for the current year.

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A number of brokerages have commented on WTI. Barclays PLC reiterated a “sell” rating and issued a $1.50 target price on shares of W&T Offshore in a report on Friday, July 7th. ValuEngine upgraded shares of W&T Offshore from a “sell” rating to a “hold” rating in a report on Friday, May 19th. Zacks Investment Research downgraded shares of W&T Offshore from a “buy” rating to a “sell” rating in a report on Friday, July 14th. Finally, BidaskClub downgraded shares of W&T Offshore from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $2.50.

A number of hedge funds have recently bought and sold shares of WTI. New York State Common Retirement Fund raised its position in W&T Offshore by 62.0% in the 2nd quarter. New York State Common Retirement Fund now owns 52,000 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 19,899 shares in the last quarter. Tudor Investment Corp ET AL raised its position in W&T Offshore by 23.3% in the 1st quarter. Tudor Investment Corp ET AL now owns 39,520 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 7,478 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in W&T Offshore by 4.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 42,234 shares of the oil and gas company’s stock valued at $117,000 after purchasing an additional 1,672 shares in the last quarter. Prudential Financial Inc. acquired a new stake in W&T Offshore in the 1st quarter valued at about $124,000. Finally, Zacks Investment Management raised its position in W&T Offshore by 68.8% in the 2nd quarter. Zacks Investment Management now owns 66,916 shares of the oil and gas company’s stock valued at $131,000 after purchasing an additional 27,270 shares in the last quarter. 50.88% of the stock is currently owned by institutional investors.

About W&T Offshore

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. As of December 31, 2016, the Company had interests in offshore leases covering approximately 750,000 gross acres (450,000 net acres) spanning across the Outer Continental Shelf (OCS) off the coasts of Louisiana, Texas, Mississippi and Alabama.

Insider Buying and Selling by Quarter for W&T Offshore (NYSE:WTI)

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