W&T Offshore, Inc. (NYSE:WTI) – Stock analysts at Capital One Financial issued their Q1 2018 earnings per share estimates for shares of W&T Offshore in a research note issued on Tuesday. Capital One Financial analyst R. Tullis forecasts that the oil and gas company will post earnings of $0.16 per share for the quarter. Capital One Financial has a “Underweight” rating on the stock.

Separately, Zacks Investment Research cut W&T Offshore from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. W&T Offshore currently has an average rating of “Sell” and a consensus price target of $2.50.

Shares of W&T Offshore (NYSE:WTI) opened at $4.10 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of -1.65. The stock has a market capitalization of $565.07, a PE ratio of 7.74 and a beta of 2.84. W&T Offshore has a 12 month low of $1.81 and a 12 month high of $5.34.

In other W&T Offshore news, insider John D. Gibbons sold 29,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $2.79, for a total value of $80,910.00. Following the completion of the sale, the insider now directly owns 476,030 shares in the company, valued at $1,328,123.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stephen L. Schroeder sold 18,762 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $2.81, for a total transaction of $52,721.22. Following the completion of the sale, the senior vice president now owns 366,592 shares of the company’s stock, valued at $1,030,123.52. The disclosure for this sale can be found here. 32.58% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in W&T Offshore in the third quarter worth about $120,000. New York State Common Retirement Fund lifted its holdings in W&T Offshore by 62.0% in the second quarter. New York State Common Retirement Fund now owns 52,000 shares of the oil and gas company’s stock worth $102,000 after buying an additional 19,899 shares during the period. Algert Global LLC purchased a new stake in W&T Offshore in the fourth quarter worth about $228,000. Jane Street Group LLC purchased a new stake in W&T Offshore in the third quarter worth about $225,000. Finally, American Century Companies Inc. purchased a new stake in W&T Offshore in the fourth quarter worth about $246,000. Institutional investors and hedge funds own 49.07% of the company’s stock.

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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. 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.

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