W&T Offshore, Inc. (NYSE:WTI) CEO Tracy W. Krohn acquired 918,763 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was acquired at an average price of $2.08 per share, for a total transaction of $1,911,027.04. Following the purchase, the chief executive officer now directly owns 44,532,480 shares of the company’s stock, valued at $92,627,558.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Tracy W. Krohn also recently made the following trade(s):

  • On Thursday, August 31st, Tracy W. Krohn acquired 271,444 shares of W&T Offshore stock. The stock was acquired at an average price of $1.90 per share, for a total transaction of $515,743.60.
  • On Wednesday, August 23rd, Tracy W. Krohn acquired 132,134 shares of W&T Offshore stock. The stock was acquired at an average price of $1.85 per share, for a total transaction of $244,447.90.

W&T Offshore, Inc. (NYSE:WTI) traded up 15.89% during mid-day trading on Thursday, reaching $2.48. The company’s stock had a trading volume of 7,833,007 shares. W&T Offshore, Inc. has a 52-week low of $1.31 and a 52-week high of $3.47. The company has a market cap of $341.19 million, a price-to-earnings ratio of 2.66 and a beta of 2.41. The firm has a 50 day moving average price of $1.95 and a 200 day moving average price of $2.20.

W&T Offshore (NYSE:WTI) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.21. W&T Offshore had a net margin of 25.52% and a negative return on equity of 6.08%. The firm had revenue of $123.32 million for the quarter, compared to analysts’ expectations of $121.30 million. During the same quarter last year, the firm earned ($0.47) EPS. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities research analysts anticipate that W&T Offshore, Inc. will post $0.53 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of WTI. JPMorgan Chase & Co. lifted its position in shares of W&T Offshore by 15,089.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,152,900 shares of the oil and gas company’s stock worth $6,180,000 after buying an additional 3,132,143 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of W&T Offshore during the 2nd quarter worth approximately $4,796,000. Chicago Equity Partners LLC bought a new position in shares of W&T Offshore during the 2nd quarter worth approximately $2,637,000. Spark Investment Management LLC lifted its position in shares of W&T Offshore by 708.8% during the 2nd quarter. Spark Investment Management LLC now owns 1,113,000 shares of the oil and gas company’s stock worth $2,181,000 after buying an additional 975,391 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of W&T Offshore by 60.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,995,872 shares of the oil and gas company’s stock worth $3,912,000 after buying an additional 751,066 shares in the last quarter. 50.88% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on WTI shares. BidaskClub lowered W&T Offshore from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded W&T Offshore from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a research note on Saturday, September 9th. ValuEngine upgraded W&T Offshore from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC restated a “sell” rating and issued a $1.50 price objective on shares of W&T Offshore in a research note on Friday, July 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $2.50.

W&T Offshore Company Profile

W&T Offshore, Inc is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. As of December 31, 2016, the Company had interests in offshore leases covering approximately 750,000 gross acres (450,000 net acres) spanning across the Outer Continental Shelf (OCS) off the coasts of Louisiana, Texas, Mississippi and Alabama.

Insider Buying and Selling by Quarter for W&T Offshore (NYSE:WTI)

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