R Squared Ltd Takes Position in W&T Offshore, Inc. (NYSE:WTI)

R Squared Ltd acquired a new position in W&T Offshore, Inc. (NYSE:WTI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,630 shares of the oil and gas company’s stock, valued at approximately $54,000.

Other large investors have also modified their holdings of the company. Verum Partners LLC acquired a new position in W&T Offshore during the 3rd quarter worth $32,000. Sei Investments Co. bought a new position in shares of W&T Offshore in the second quarter worth about $37,000. Intech Investment Management LLC bought a new position in shares of W&T Offshore in the third quarter worth about $64,000. Signaturefd LLC lifted its position in shares of W&T Offshore by 86.6% during the 3rd quarter. Signaturefd LLC now owns 36,644 shares of the oil and gas company’s stock worth $79,000 after purchasing an additional 17,004 shares during the last quarter. Finally, FMR LLC boosted its stake in W&T Offshore by 72.1% during the 3rd quarter. FMR LLC now owns 37,846 shares of the oil and gas company’s stock valued at $81,000 after purchasing an additional 15,852 shares during the period. 42.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised W&T Offshore from a “sell” rating to a “hold” rating in a research report on Friday, December 13th.

W&T Offshore Price Performance

Shares of W&T Offshore stock opened at $1.57 on Friday. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $230.62 million, a PE ratio of -3.64 and a beta of 1.34. The firm has a fifty day moving average price of $1.72 and a two-hundred day moving average price of $2.03. W&T Offshore, Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $3.25.

W&T Offshore (NYSE:WTI) last released its earnings results on Thursday, November 7th. The oil and gas company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.02. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. The business had revenue of $121.37 million during the quarter, compared to analysts’ expectations of $136.01 million. During the same quarter last year, the company earned $0.01 earnings per share. Analysts expect that W&T Offshore, Inc. will post -0.5 EPS for the current year.

W&T Offshore Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, November 21st. W&T Offshore’s dividend payout ratio is presently -9.30%.

W&T Offshore Profile

W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.