Two Sigma Investments LP Grows Position in W&T Offshore, Inc. (WTI)

Two Sigma Investments LP increased its position in W&T Offshore, Inc. (NYSE:WTI) by 122.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,144 shares of the oil and gas company’s stock after acquiring an additional 206,749 shares during the period. Two Sigma Investments LP owned approximately 0.27% of W&T Offshore worth $1,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of W&T Offshore by 9.7% in the 4th quarter. BlackRock Inc. now owns 6,511,169 shares of the oil and gas company’s stock worth $21,551,000 after acquiring an additional 576,654 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of W&T Offshore by 29.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,090,772 shares of the oil and gas company’s stock worth $14,318,000 after acquiring an additional 937,872 shares during the period. Geode Capital Management LLC grew its holdings in shares of W&T Offshore by 58.3% in the 4th quarter. Geode Capital Management LLC now owns 2,536,243 shares of the oil and gas company’s stock worth $8,394,000 after acquiring an additional 934,315 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of W&T Offshore by 4.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,086,971 shares of the oil and gas company’s stock worth $6,366,000 after acquiring an additional 91,099 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of W&T Offshore in the 4th quarter worth approximately $4,991,000. Institutional investors and hedge funds own 48.69% of the company’s stock.

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A number of equities research analysts recently weighed in on the company. Capital One Financial cut W&T Offshore from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 10th. ValuEngine cut W&T Offshore from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Finally, Zacks Investment Research upgraded 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 analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. W&T Offshore presently has a consensus rating of “Hold” and an average target price of $2.88.

Shares of NYSE:WTI opened at $4.49 on Friday. The firm has a market cap of $588.36, a price-to-earnings ratio of 8.02 and a beta of 2.78. The company has a debt-to-equity ratio of -1.69, a quick ratio of 1.13 and a current ratio of 1.13. W&T Offshore, Inc. has a one year low of $1.81 and a one year high of $5.34.

W&T Offshore (NYSE:WTI) last announced its earnings results on Wednesday, February 28th. The oil and gas company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $129.10 million for the quarter. W&T Offshore had a negative return on equity of 13.99% and a net margin of 16.36%. equities research analysts forecast that W&T Offshore, Inc. will post 0.58 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for W&T Offshore (NYSE:WTI)

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