Insider Buying: Virginia Boulet Purchases 2,285 Shares of W&T Offshore Stock (WTI)
W&T Offshore (NYSE:WTI) Director Virginia Boulet purchased 2,285 shares of the stock on the open market in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average price of $17.50 per share, with a total value of $39,987.50. Following the completion of the transaction, the director now directly owns 37,351 shares of the company’s stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of W&T Offshore (NYSE:WTI) to a “hold” rating in a research note to investors on Friday, August 23rd. Separately, analysts at Zacks downgraded shares of W&T Offshore (NYSE:WTI) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. They now have a $18.90 price target on the stock. Finally, analysts at Clarkson Capital initiated coverage on shares of W&T Offshore (NYSE:WTI) in a research note to investors on Friday, July 26th. They set an “outperform” rating on the stock.
Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. W&T Offshore presently has an average rating of “Hold” and a consensus price target of $18.48.
Shares of W&T Offshore (NYSE:WTI) traded up 3.36% during mid-day trading on Tuesday, hitting $17.52. 696,883 shares of the company’s stock traded hands. W&T Offshore has a one year low of $10.68 and a one year high of $20.79. The stock has a 50-day moving average of $15.95 and a 200-day moving average of $14.68. The company has a market cap of $1.318 billion and a P/E ratio of 19.85.
W&T Offshore, Inc (NYSE:WTI) is an independent oil and natural gas producer, engaged in the acquisition, exploration and development of oil and natural gas properties primarily in the Gulf of Mexico and Texas.
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