W&T Offshore, Inc. (NYSE:WTI) CEO Tracy W. Krohn Buys 21,500 Shares

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W&T Offshore, Inc. (NYSE:WTI) CEO Tracy W. Krohn purchased 21,500 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $4.47 per share, with a total value of $96,105.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tracy W. Krohn also recently made the following trade(s):

  • On Friday, July 12th, Tracy W. Krohn purchased 100,000 shares of W&T Offshore stock. The stock was acquired at an average price of $4.60 per share, with a total value of $460,000.00.
  • On Wednesday, July 10th, Tracy W. Krohn purchased 15,000 shares of W&T Offshore stock. The stock was acquired at an average price of $4.65 per share, with a total value of $69,750.00.

W&T Offshore stock opened at $4.80 on Wednesday. The stock has a market capitalization of $651.40 million, a P/E ratio of 4.75 and a beta of 2.99. The company’s fifty day simple moving average is $4.58. W&T Offshore, Inc. has a 52-week low of $3.62 and a 52-week high of $9.88.

W&T Offshore (NYSE:WTI) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.16. The company had revenue of $134.70 million for the quarter, compared to the consensus estimate of $126.50 million. W&T Offshore had a net margin of 31.72% and a negative return on equity of 31.98%. W&T Offshore’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. On average, analysts anticipate that W&T Offshore, Inc. will post 0.43 EPS for the current fiscal year.

WTI has been the subject of several recent analyst reports. Seaport Global Securities restated a “buy” rating on shares of W&T Offshore in a research note on Friday, June 21st. Capital One Financial upgraded W&T Offshore from an “underweight” rating to an “equal weight” rating in a research note on Thursday, May 23rd. Zacks Investment Research downgraded W&T Offshore from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, ValuEngine downgraded W&T Offshore from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. W&T Offshore currently has an average rating of “Hold” and a consensus price target of $8.75.

A number of institutional investors have recently added to or reduced their stakes in WTI. Bank of New York Mellon Corp raised its stake in W&T Offshore by 25.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,148,057 shares of the oil and gas company’s stock valued at $4,729,000 after purchasing an additional 231,149 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in W&T Offshore by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,042,631 shares of the oil and gas company’s stock valued at $20,776,000 after purchasing an additional 196,139 shares in the last quarter. Geode Capital Management LLC raised its stake in W&T Offshore by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,608,892 shares of the oil and gas company’s stock valued at $6,628,000 after purchasing an additional 12,979 shares in the last quarter. Principal Financial Group Inc. raised its stake in W&T Offshore by 59.4% during the fourth quarter. Principal Financial Group Inc. now owns 79,019 shares of the oil and gas company’s stock valued at $326,000 after purchasing an additional 29,454 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in W&T Offshore by 27.4% during the fourth quarter. Bank of America Corp DE now owns 1,026,085 shares of the oil and gas company’s stock valued at $4,227,000 after purchasing an additional 220,751 shares in the last quarter. 59.24% of the stock is currently owned by institutional investors.

W&T Offshore Company Profile

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.

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Insider Buying and Selling by Quarter for W&T Offshore (NYSE:WTI)

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