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Can analysts adopt a bullish outlook for W&T Offshore, Inc. (NYSE:WTI)?

07 December 2017

According to Zacks, "W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area, including the deep water". Corporate insiders own 32.58% of the company's stock. Nationwide Fund Advisors boosted its position in shares of W&T Offshore by 165.5% in the first quarter. Following the completion of the transaction, the director now owns 205,113 shares of the company's stock, valued at $379,459.05. W&T Offshore, Inc. (WTI) has 0 billion shares outstanding now, 49.83% of which belong to institutional investors. Blackrock Incorporated stated it has 0% of its portfolio in W&T Offshore, Inc. Public Employees Retirement System of OH now owns 42,234 shares of the oil and gas company's stock valued at $117,000 after buying an additional 1,672 shares during the last quarter. Capital One downgraded W&T Offshore, Inc.

Investors can gain useful insight on institutional ownership within a public company by taking a look at the organization's most recent 13F filings. Also, CEO Tracy W. Krohn acquired 918,763 shares of W&T Offshore stock in a transaction on Wednesday, September 13th. About 2.03M shares traded. Following the transaction, the director now owns 178,047 shares in the company, valued at $437,995.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Public Employees Retirement System of OH boosted its position in shares of W&T Offshore by 4.1% in the first quarter.

W&T Offshore (NYSE:WTI) shares traded on 1.48% above secure line and closed at $3.42. The disclosure for this purchase can be found here. (NYSE:WTI) is seeing declines so far in today's trading session.

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In terms of Buy, Sell or Hold recommendations, W&T Offshore (NYSE:WTI) has analysts' mean recommendation of 3.3. Of those holders, 72 had increased positions amounting to 19.28 million shares, 36 had decreased positions amounting to 20.74 million shares, and 16 holders have a held position accounting for 28.66 million shares. At present, 0 analysts call it Sell, while 2 think it is Hold.

AdvanSix Inc. (NYSE:ASIX) has a Price to Book ratio of 4.336563. (NYSE:WTI). Commercial Bank Of Ny Mellon has 0% invested in W&T Offshore, Inc. (WTI) traded down $0.12 during trading hours on Monday, hitting $3.37. The current trading volume of 2.03 sits 36.45% lower than the past 3 month's readings, indicating near-term traders have been less active toward WTI than usual of late. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued. The stock of W&T Offshore, Inc.

W&T Offshore (NYSE:WTI) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.20. Average estimation for the current quarter has been provided by 3 analysts. W&T Offshore had a negative return on equity of 10.86% and a net margin of 15.38%. Over the last three months, insiders have purchased 1,388,841 shares of company stock worth $2,804,309. During the same period in the previous year, the company earned ($0.24) EPS. research analysts expect that W&T Offshore, Inc. will post 0.51 earnings per share for the current fiscal year. The correct version of this news story can be read at https://weekherald.com/2017/12/04/brokerages-set-wt-offshore-inc-wti-pt-at-2-63.html. "(NYSE:WTI)" was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another site, it was illegally copied and republished in violation of US & global copyright & trademark legislation. It sells crude oil, natural gas liquids, and natural gas. 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.