W&T Offshore, Inc. (NYSE:WTI)‘s stock had its “sell” rating reiterated by equities research analysts at Barclays PLC in a research note issued on Friday, July 7th. They currently have a $1.50 price target on the oil and gas company’s stock. Barclays PLC’s price target indicates a potential downside of 25.00% from the company’s previous close.

A number of other research firms have also weighed in on WTI. Zacks Investment Research upgraded shares of W&T Offshore from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Wednesday, May 10th. ValuEngine lowered shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. W&T Offshore has an average rating of “Hold” and an average target price of $2.58.

Shares of W&T Offshore (NYSE:WTI) traded down 2.91% during trading on Friday, hitting $2.00. The stock had a trading volume of 1,293,723 shares. W&T Offshore has a 1-year low of $1.31 and a 1-year high of $3.47. The firm has a 50-day moving average of $1.99 and a 200 day moving average of $2.40. The company’s market capitalization is $275.03 million.

W&T Offshore (NYSE:WTI) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.21. W&T Offshore had a net margin of 25.52% and a negative return on equity of 5.94%. The company had revenue of $123.32 million for the quarter, compared to analyst estimates of $121.30 million. During the same quarter in the prior year, the business posted ($0.47) EPS. The firm’s revenue was up 23.7% compared to the same quarter last year. Equities research analysts predict that W&T Offshore will post $0.30 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of WTI. Spark Investment Management LLC purchased a new stake in W&T Offshore during the first quarter valued at approximately $381,000. Prudential Financial Inc. purchased a new stake in W&T Offshore during the first quarter valued at approximately $124,000. Alambic Investment Management L.P. purchased a new stake in W&T Offshore during the first quarter valued at approximately $631,000. Airain ltd bought a new position in W&T Offshore during the first quarter worth $245,000. Finally, Quantitative Investment Management LLC bought a new position in W&T Offshore during the first quarter worth $775,000. Hedge funds and other institutional investors own 46.72% of the company’s stock.

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.

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