W&T Offshore (NYSE:WTI) Rating Lowered to “Hold” at Wall Street Zen

W&T Offshore (NYSE:WTI) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

WTI has been the topic of several other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of W&T Offshore in a research report on Monday, April 20th. William Blair started coverage on shares of W&T Offshore in a research report on Friday, April 17th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

W&T Offshore Price Performance

Shares of NYSE WTI opened at $3.08 on Friday. W&T Offshore has a 1-year low of $1.50 and a 1-year high of $5.08. The business has a 50-day moving average of $3.84 and a 200-day moving average of $2.94. The company has a market capitalization of $458.99 million, a price-to-earnings ratio of -3.25 and a beta of 0.24.

Institutional Trading of W&T Offshore

Large investors have recently modified their holdings of the business. StoneX Group Inc. purchased a new stake in shares of W&T Offshore during the fourth quarter worth about $28,000. Oxford Asset Management LLP purchased a new position in W&T Offshore in the second quarter valued at about $29,000. Dynamic Technology Lab Private Ltd purchased a new position in W&T Offshore in the third quarter valued at about $32,000. Engineers Gate Manager LP acquired a new stake in W&T Offshore during the 4th quarter valued at approximately $32,000. Finally, Capricorn Fund Managers Ltd acquired a new stake in W&T Offshore during the 1st quarter valued at approximately $34,000. 42.88% of the stock is currently owned by institutional investors and hedge funds.

About W&T Offshore

W&T Offshore, Inc is an independent oil and gas exploration and production company focused primarily on offshore operations in the Gulf of Mexico. The company acquires, develops and produces crude oil and natural gas reserves, operating a portfolio of producing properties that encompasses both shallow-water and deepwater assets. W&T Offshore leverages its technical expertise and asset management capabilities to optimize field development and production efficiency across its portfolio.

Founded in 1983 and headquartered in Covington, Louisiana, W&T Offshore has built a track record of disciplined growth through strategic acquisitions and targeted exploration activities.