Q1 2018 Earnings Estimate for W&T Offshore, Inc. (WTI) Issued By Capital One Financial
W&T Offshore, Inc. (NYSE:WTI) – Equities research analysts at Capital One Financial dropped their Q1 2018 earnings per share estimates for W&T Offshore in a research report issued on Monday. Capital One Financial analyst R. Tullis now anticipates that the oil and gas company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.16. Capital One Financial currently has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for W&T Offshore’s Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.16 EPS and Q4 2018 earnings at $0.18 EPS.
W&T Offshore (NYSE:WTI) last issued its earnings results on Wednesday, February 28th. The oil and gas company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The company had revenue of $129.10 million during the quarter. W&T Offshore had a negative return on equity of 13.99% and a net margin of 16.36%.
Shares of W&T Offshore (NYSE:WTI) opened at $3.91 on Tuesday. The firm has a market capitalization of $538.88, a PE ratio of 2.90 and a beta of 2.90. W&T Offshore has a fifty-two week low of $1.81 and a fifty-two week high of $5.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of -1.69.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WTI. TIAA CREF Investment Management LLC lifted its holdings in W&T Offshore by 314.9% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,769,368 shares of the oil and gas company’s stock worth $9,167,000 after buying an additional 2,101,835 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of W&T Offshore in the 4th quarter valued at approximately $4,991,000. JPMorgan Chase & Co. lifted its stake in shares of W&T Offshore by 29.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,090,772 shares of the oil and gas company’s stock valued at $14,318,000 after purchasing an additional 937,872 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of W&T Offshore by 3,320.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 963,567 shares of the oil and gas company’s stock valued at $3,189,000 after purchasing an additional 935,398 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of W&T Offshore by 58.3% in the 4th quarter. Geode Capital Management LLC now owns 2,536,243 shares of the oil and gas company’s stock valued at $8,394,000 after purchasing an additional 934,315 shares during the period. Institutional investors and hedge funds own 48.72% of the company’s stock.
In other W&T Offshore news, insider John D. Gibbons sold 29,000 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was 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 owns 476,030 shares in the company, valued at approximately $1,328,123.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Stephen L. Schroeder sold 18,762 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $2.81, for a total value 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 approximately $1,030,123.52. The disclosure for this sale can be found here. Company insiders own 32.58% 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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