W&T Offshore, Inc. (NYSE:WTI) – Stock analysts at Capital One Financial Corp. reduced their Q4 2017 EPS estimates for W&T Offshore in a research report issued on Thursday, according to Zacks Investment Research. Capital One Financial Corp. analyst R. Tullis now anticipates that the oil and gas company will post earnings of $0.16 per share for the quarter, down from their prior estimate of $0.17.

W&T Offshore (NYSE:WTI) last posted its earnings results on Wednesday, May 3rd. The oil and gas company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.20. The firm had revenue of $124.39 million for the quarter.

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WTI has been the topic of a number of other reports. Barclays PLC upped their price objective on W&T Offshore from $1.00 to $2.00 and gave the company an “underweight” rating in a research report on Thursday, January 26th. KLR Group upped their target price on W&T Offshore from $3.25 to $3.75 and gave the company a “hold” rating in a research note on Tuesday, March 7th. Finally, Zacks Investment Research cut W&T Offshore from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th.

W&T Offshore (NYSE:WTI) traded up 6.45% during midday trading on Monday, hitting $2.31. The stock had a trading volume of 798,733 shares. The company has a 50-day moving average price of $2.31 and a 200-day moving average price of $2.46. The stock’s market cap is $317.66 million. W&T Offshore has a 52 week low of $1.31 and a 52 week high of $3.47.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL boosted its position in W&T Offshore by 23.3% in the first quarter. Tudor Investment Corp ET AL now owns 39,520 shares of the oil and gas company’s stock worth $109,000 after buying an additional 7,478 shares in the last quarter. Prudential Financial Inc. acquired a new position in W&T Offshore during the first quarter worth approximately $124,000. Nationwide Fund Advisors boosted its position in W&T Offshore by 165.5% in the first quarter. Nationwide Fund Advisors now owns 59,735 shares of the oil and gas company’s stock worth $165,000 after buying an additional 37,238 shares in the last quarter. Phoenix Investment Adviser LLC acquired a new position in W&T Offshore during the first quarter worth approximately $166,000. Finally, Highbridge Capital Management LLC acquired a new position in W&T Offshore during the fourth quarter worth approximately $215,000. 49.09% of the stock is currently owned by hedge funds and other institutional investors.

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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