W&T Offshore, Inc. (NYSE:WTI) Expected to Post Earnings of $0.12 Per Share

Brokerages expect W&T Offshore, Inc. (NYSE:WTI) to announce $0.12 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for W&T Offshore’s earnings. W&T Offshore reported earnings per share of $0.16 in the same quarter last year, which suggests a negative year-over-year growth rate of 25%. The business is scheduled to announce its next quarterly earnings results on Wednesday, May 2nd.

On average, analysts expect that W&T Offshore will report full-year earnings of $0.58 per share for the current fiscal year. For the next year, analysts anticipate that the company will report earnings of $0.80 per share. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for W&T Offshore.

How to Become a New Pot Stock Millionaire

W&T Offshore (NYSE:WTI) last announced its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm 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%.

Several equities research analysts have issued reports on WTI shares. Capital One Financial lowered shares of W&T Offshore from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 10th. ValuEngine lowered shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Finally, Zacks Investment Research raised shares of W&T Offshore from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a report on Friday, March 2nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $2.88.

Several large investors have recently modified their holdings of WTI. New York State Common Retirement Fund boosted its stake in shares of W&T Offshore by 62.0% in the 2nd quarter. New York State Common Retirement Fund now owns 52,000 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 19,899 shares in the last quarter. Northern Trust Corp boosted its stake in shares of W&T Offshore by 25.7% in the 2nd 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 in the last quarter. State Street Corp boosted its stake in shares of W&T Offshore by 103.7% in the 2nd quarter. State Street Corp now owns 1,265,497 shares of the oil and gas company’s stock valued at $2,481,000 after purchasing an additional 644,138 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of W&T Offshore by 782.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 82,579 shares of the oil and gas company’s stock valued at $162,000 after purchasing an additional 73,223 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of W&T Offshore by 132.2% in the 2nd quarter. California State Teachers Retirement System now owns 166,175 shares of the oil and gas company’s stock valued at $326,000 after purchasing an additional 94,600 shares in the last quarter. Institutional investors own 48.69% of the company’s stock.

Shares of W&T Offshore (NYSE:WTI) traded up $0.05 during trading on Tuesday, reaching $4.06. 1,803,430 shares of the company’s stock traded hands, compared to its average volume of 2,623,723. The company has a market cap of $563.32, a price-to-earnings ratio of 7.25 and a beta of 2.91. The company has a debt-to-equity ratio of -1.69, a current ratio of 1.13 and a quick ratio of 1.13. W&T Offshore has a 12-month low of $1.81 and a 12-month high of $5.34.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3282389/wt-offshore-inc-nysewti-expected-to-post-earnings-of-0-12-per-share.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.

Get a free copy of the Zacks research report on W&T Offshore (WTI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Latest News

Norfolk Southern  Given Average Recommendation of “Hold” by Brokerages
Norfolk Southern Given Average Recommendation of “Hold” by Brokerages
Encompass Health  Expected to Announce Quarterly Sales of $1.03 Billion
Encompass Health Expected to Announce Quarterly Sales of $1.03 Billion
Tintri  Trading Down 3.6%
Tintri Trading Down 3.6%
Avid Bioservices  Stock Price Up -2.1%
Avid Bioservices Stock Price Up -2.1%
BHP Billiton  Shares Gap Up to $42.84
BHP Billiton Shares Gap Up to $42.84
SJWCoin  Trading 15.2% Higher  Over Last 7 Days
SJWCoin Trading 15.2% Higher Over Last 7 Days


© 2006-2018 Ticker Report. Google+.