Research analysts at StockNews.com assumed coverage on shares of W&T Offshore (NYSE:WTI – Get Rating) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the oil and gas company’s stock.
W&T Offshore Price Performance
NYSE WTI opened at $4.65 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 14.56. W&T Offshore has a 52 week low of $3.57 and a 52 week high of $9.16. The firm has a market capitalization of $681.04 million, a P/E ratio of 2.92 and a beta of 1.97. The company has a 50-day moving average price of $5.78 and a 200-day moving average price of $6.36.
W&T Offshore (NYSE:WTI – Get Rating) last posted its quarterly earnings results on Tuesday, March 7th. The oil and gas company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. The business had revenue of $189.70 million for the quarter, compared to analysts’ expectations of $182.38 million. W&T Offshore had a negative return on equity of 270.10% and a net margin of 25.10%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. Equities research analysts anticipate that W&T Offshore will post 1.08 earnings per share for the current year.
Hedge Funds Weigh In On W&T Offshore
About W&T Offshore
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.
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