W&T Offshore, Inc. (NYSE:WTI) Director Virginia Boulet bought 7,000 shares of the stock in a transaction dated Friday, June 7th. The stock was acquired at an average price of $4.34 per share, with a total value of $30,380.00. Following the completion of the purchase, the director now owns 215,373 shares of the company’s stock, valued at approximately $934,718.82. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Shares of WTI stock opened at $4.40 on Wednesday. The stock has a market capitalization of $630.77 million, a P/E ratio of 4.36 and a beta of 3.05. W&T Offshore, Inc. has a 12 month low of $3.62 and a 12 month high of $9.88.
W&T Offshore (NYSE:WTI) last announced its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.06). The firm had revenue of $116.08 million during the quarter, compared to analyst estimates of $120.51 million. W&T Offshore had a negative return on equity of 29.98% and a net margin of 30.83%. W&T Offshore’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. Analysts anticipate that W&T Offshore, Inc. will post 0.45 EPS for the current year.
WTI has been the subject of a number of research reports. ValuEngine upgraded W&T Offshore from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Stifel Nicolaus initiated coverage on W&T Offshore in a research report on Thursday, March 7th. They issued a “buy” rating and a $10.00 price objective for the company. Zacks Investment Research lowered W&T Offshore from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Finally, Capital One Financial upgraded W&T Offshore from an “underweight” rating to an “equal weight” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.75.
TRADEMARK VIOLATION NOTICE: This news story was published by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/4368991/virginia-boulet-buys-7000-shares-of-wt-offshore-inc-nysewti-stock.html.
About W&T Offshore
W&T Offshore, Inc, an independent oil and natural gas producer, acquires, explores for, and develops oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interests in approximately 49 offshore fields in federal and state waters.
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.