W&T Offshore (WTI) Given Daily Media Sentiment Score of 0.03

Media stories about W&T Offshore (NYSE:WTI) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. W&T Offshore earned a news impact score of 0.03 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 48.9178459241174 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

W&T Offshore (NYSE:WTI) opened at $3.49 on Monday. The company has a debt-to-equity ratio of -1.65, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $481.00, a P/E ratio of 7.27 and a beta of 2.50. W&T Offshore has a 52-week low of $1.81 and a 52-week high of $3.69.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The company had revenue of $110.30 million for the quarter, compared to analysts’ expectations of $119.50 million. W&T Offshore had a net margin of 15.38% and a negative return on equity of 10.86%. W&T Offshore’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.24) earnings per share. analysts anticipate that W&T Offshore will post 0.51 EPS for the current year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut W&T Offshore from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. ValuEngine cut W&T Offshore from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. W&T Offshore has an average rating of “Hold” and a consensus target price of $2.50.

In related news, Director Virginia Boulet acquired 16,500 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was purchased at an average price of $2.46 per share, with a total value of $40,590.00. Following the completion of the purchase, the director now owns 178,047 shares in the company, valued at approximately $437,995.62. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tracy W. Krohn acquired 918,763 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were bought at an average cost of $2.08 per share, with a total value of $1,911,027.04. Following the purchase, the chief executive officer now owns 44,532,480 shares of the company’s stock, valued at approximately $92,627,558.40. The disclosure for this purchase can be found here. 32.58% of the stock is currently owned by corporate insiders.

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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.

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

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