W&T Offshore (NYSE:WTI) Sees Coverage Initiated By Roth Capital with a $8.7500 Price

May 24, 2018 - By Stephen Andrade

Investors sentiment decreased to 1.63 in 2017 Q4. Its down 0.31, from 1.94 in 2017Q3. It turned negative, as 11 investors sold W&T Offshore, Inc. shares while 32 reduced holdings. 35 funds opened positions while 35 raised stakes. 63.07 million shares or 0.69% less from 63.51 million shares in 2017Q3 were reported.

Macquarie Gru Limited invested in 480,459 shares. Deutsche Comml Bank Ag owns 215,549 shares. American Century invested in 0% or 74,313 shares. Phoenix Invest Adviser Limited Liability Co, New York-based fund reported 77,805 shares. Citigroup invested in 93,773 shares or 0% of the stock. Systematic Fincl Mngmt L P owns 502,725 shares or 0.03% of their US portfolio. Aqr has invested 0.02% in W&T Offshore, Inc. (NYSE:WTI). Art Advisors Limited Liability Company invested 0.03% in W&T Offshore, Inc. (NYSE:WTI). Barclays Public Ltd Liability holds 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI) for 27,253 shares. Northern Tru holds 1.01 million shares or 0% of its portfolio. Horizon Kinetics Limited Liability Com stated it has 137,508 shares. Rhumbline Advisers owns 90,685 shares. New York State Common Retirement Fund holds 72,000 shares or 0% of its portfolio. Jpmorgan Chase Co owns 4.68M shares or 0% of their US portfolio. Connor Clark & Lunn Investment Ltd reported 1.10 million shares stake.

Since December 18, 2017, it had 0 insider purchases, and 2 insider sales for $133,631 activity. 29,000 shares valued at $80,910 were sold by GIBBONS JOHN D on Monday, December 18.

Why Has Roth Capital Given W&T Offshore (NYSE:WTI) a $8.7500 Price Target

Roth Capital began its coverage for W&T Offshore (NYSE:WTI), this morning 23 May. The research firm found the stock of WTI quite attractive and now has a target price of $8.7500 with a key Hold rating.

W&T Offshore, Inc. (NYSE:WTI) Ratings Coverage

Among 2 analysts covering W\u0026T Offshore (NYSE:WTI), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. W\u0026T Offshore had 3 analyst reports since January 10, 2018 according to SRatingsIntel. Capital One downgraded W&T Offshore, Inc. (NYSE:WTI) on Wednesday, January 10 to “Underweight” rating. The firm earned “Sell” rating on Tuesday, May 15 by KLR Group. The firm has “Equal-Weight” rating given on Monday, March 12 by Capital One.

The stock decreased 3.76% or $0.29 during the last trading session, reaching $7.43. About 6.56 million shares traded or 131.42% up from the average. W&T Offshore, Inc. (NYSE:WTI) has risen 50.71% since May 24, 2017 and is uptrending. It has outperformed by 39.16% the S&P500.

Analysts await W&T Offshore, Inc. (NYSE:WTI) to report earnings on August, 2. They expect $0.14 earnings per share, down 36.36 % or $0.08 from last year’s $0.22 per share. WTI’s profit will be $19.46M for 13.27 P/E if the $0.14 EPS becomes a reality. After $0.19 actual earnings per share reported by W&T Offshore, Inc. for the previous quarter, Wall Street now forecasts -26.32 % negative EPS growth.

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 has market cap of $1.03 billion. It sells crude oil, natural gas liquids, and natural gas. It has a 13.39 P/E ratio. The firm holds working interests in approximately 54 offshore fields in federal and state waters.

More news for W&T Offshore, Inc. (NYSE:WTI) were recently published by: Seekingalpha.com, which released: “W&T Offshore: What An Impressive Recovery” on May 11, 2018. Seekingalpha.com‘s article titled: “Phillips 66 Is Cashing In On The Oil Spread” and published on May 21, 2018 is yet another important article.

W&T Offshore, Inc. (NYSE:WTI) Institutional Positions Chart

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