W&T Offshore, Inc. (NYSE:WTI) – Equities researchers at Capital One Financial lowered their Q1 2018 EPS estimates for W&T Offshore in a research note issued to investors on Monday. Capital One Financial analyst R. Tullis now expects that the oil and gas company will earn $0.12 per share for the quarter, down from their previous estimate of $0.16. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for W&T Offshore’s Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.16 EPS and Q4 2018 earnings at $0.18 EPS.
Several other analysts also recently weighed in on WTI. Zacks Investment Research raised shares of W&T Offshore from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Friday, March 2nd. ValuEngine downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. W&T Offshore has an average rating of “Hold” and an average price target of $2.88.
W&T Offshore (NYSE:WTI) last issued its earnings results on Wednesday, February 28th. The oil and gas company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business had revenue of $129.10 million for the quarter. W&T Offshore had a net margin of 16.36% and a negative return on equity of 13.99%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. KBC Group NV acquired a new stake in shares of W&T Offshore in the fourth quarter valued at about $474,000. First Quadrant L P CA lifted its stake in shares of W&T Offshore by 233.9% in the fourth quarter. First Quadrant L P CA now owns 1,052,577 shares of the oil and gas company’s stock valued at $3,484,000 after purchasing an additional 737,384 shares during the period. Systematic Financial Management LP acquired a new stake in shares of W&T Offshore in the third quarter valued at about $2,227,000. Macquarie Group Ltd. acquired a new stake in shares of W&T Offshore in the third quarter valued at about $880,000. Finally, Northern Trust Corp lifted its stake in shares of W&T Offshore by 25.7% in the second quarter. Northern Trust Corp now owns 485,235 shares of the oil and gas company’s stock valued at $951,000 after purchasing an additional 99,137 shares during the period. Hedge funds and other institutional investors own 48.72% of the company’s stock.
In related news, SVP Stephen L. Schroeder sold 18,762 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $2.81, for a total value of $52,721.22. Following the completion of the sale, the senior vice president now owns 366,592 shares in the company, valued at $1,030,123.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John D. Gibbons sold 29,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $2.79, for a total transaction of $80,910.00. Following the completion of the sale, the insider now owns 476,030 shares of the company’s stock, valued at approximately $1,328,123.70. The disclosure for this sale can be found here. 32.58% of the stock is owned by company insiders.
WARNING: “W&T Offshore, Inc. (WTI) to Post Q1 2018 Earnings of $0.12 Per Share, Capital One Financial Forecasts” was first published by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/03/13/wt-offshore-inc-wti-to-post-q1-2018-earnings-of-0-12-per-share-capital-one-financial-forecasts.html.
About W&T Offshore
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.
Receive News & Ratings for W&T Offshore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W&T Offshore and related companies with MarketBeat.com's FREE daily email newsletter.