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W&T Offshore (NYSE:WTI) was upgraded by equities research analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.

Separately, analysts at Barclays cut their price target on shares of W&T Offshore from $20.00 to $18.00 in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $20.25.

Shares of W&T Offshore (NYSE:WTI) opened at 14.24 on Friday. W&T Offshore has a 1-year low of $12.77 and a 1-year high of $20.43. The stock has a 50-day moving average of $14.13 and a 200-day moving average of $15.63. The company has a market cap of $1.077 billion and a P/E ratio of 45.16.

W&T Offshore (NYSE:WTI) last released its earnings data on Wednesday, August 6th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. On average, analysts predict that W&T Offshore will post $0.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Wednesday, August 20th.

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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