Capital One Financial Corp. Upgrades W&T Offshore to “Equal Weight” (WTI)
W&T Offshore (NYSE:WTI) was upgraded by equities researchers at Capital One Financial Corp. to an “equal weight” rating in a research report issued on Wednesday, AnalystRatingsNetwork.com reports.
A number of other firms have also recently commented on WTI. Analysts at Zacks upgraded shares of W&T Offshore from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $14.70 price target on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.84.
W&T Offshore (NYSE:WTI) opened at 14.83 on Wednesday. W&T Offshore has a 52-week low of $10.68 and a 52-week high of $20.43. The stock’s 50-day moving average is $15.42 and its 200-day moving average is $16.85. The company has a market cap of $1.116 billion and a price-to-earnings ratio of 13.53.
W&T Offshore (NYSE:WTI) last announced its earnings results on Wednesday, November 6th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.04. The company had revenue of $244.60 million for the quarter, compared to the consensus estimate of $240.93 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 31.5% on a year-over-year basis. Analysts expect that W&T Offshore will post $0.98 EPS for the current fiscal year.
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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