W&T Offshore (WTI) Set to Announce Earnings on Tuesday

W&T Offshore (NYSE:WTI – Get Rating) is scheduled to be announcing its earnings results after the market closes on Tuesday, March 7th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

W&T Offshore Stock Performance

Shares of NYSE:WTI opened at $6.27 on Friday. W&T Offshore has a 52 week low of $3.57 and a 52 week high of $9.16. The company’s fifty day moving average is $5.80 and its 200-day moving average is $6.42. The company has a market capitalization of $897.61 million, a PE ratio of 3.85 and a beta of 1.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in W&T Offshore by 2.1% during the 3rd quarter. State Street Corp now owns 10,046,085 shares of the oil and gas company’s stock worth $58,870,000 after buying an additional 204,781 shares in the last quarter. Vanguard Group Inc. raised its holdings in W&T Offshore by 19.6% during the 3rd quarter. Vanguard Group Inc. now owns 8,757,329 shares of the oil and gas company’s stock worth $51,317,000 after purchasing an additional 1,433,992 shares during the last quarter. LSV Asset Management raised its holdings in W&T Offshore by 4.2% during the 1st quarter. LSV Asset Management now owns 3,360,551 shares of the oil and gas company’s stock worth $12,837,000 after purchasing an additional 135,500 shares during the last quarter. Renaissance Technologies LLC raised its holdings in W&T Offshore by 124.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,734,033 shares of the oil and gas company’s stock worth $11,811,000 after purchasing an additional 1,516,957 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in W&T Offshore by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 1,697,533 shares of the oil and gas company’s stock worth $9,472,000 after purchasing an additional 77,860 shares during the last quarter. Institutional investors and hedge funds own 51.19% of the company’s stock.

About W&T Offshore

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W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.