W&T Offshore, Inc. (NYSE:WTI) registered a -4.92% decrease, still its new closing price is 121.37% up from the company’s 1 year high of 3.50.It posted -5.84% losses in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 5 stock analysts following this company have an average price target at $2.95, with individual PT in the $2.00-$4.00 range. The shares moved at $2.90, implying that brokerage firms see shares gaining about 48.72% in twelve months time.
W&T Offshore, Inc. (WTI) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 4.69% rise year to date. A SVP & CFO at W&T Offshore, Inc. (WTI) acquired shares in a transaction closed on Tuesday December 13, 2016. GIBBONS JOHN D bought 35,000 shares in the company at $2.2 each and collected $77,000 in proceeds. GIBBONS JOHN D now owns 224,665 shares in the company after this transaction. A Chairman & CEO, 10% Owner in the company, KROHN TRACY W, disclosed a transaction on Friday December 09, 2016 that ended up paying $1,628,001 from the purchase of 835,308 shares at $1.95 per share.
W&T Offshore, Inc. (NYSE:WTI) Upcoming Results on Tap
W&T Offshore, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.04 in that period. Sales during the quarter are predicted to arrive at $127.6 million.
Earnings surprise history: Last quarter, the company posted approximately $107.4 million in revenue and EPS of $-0.24. The mean forecast was for $109.57 million and $-0.43 a share, respectively. One quarter earlier, revenue for the stock was at $99.65 million, with earnings at $-0.47/share.
W&T Offshore, Inc. (WTI) Brokerage Update
W&T Offshore, Inc. (WTI) is in Barclays’s research list so their analyst rating change is noteworthy. These shares were downgraded to Underweight from Equal Weight by Barclays, according to news reported on Monday October 17, 2016.Another important research note was issued by KLR Group on Thursday March 10, 2016.The firm downgraded WTI to Hold from Buy. Over the last six months and over the last three months, the shares of W&T Offshore, Inc. (WTI), have changed 45.73% and 84.71%, respectively.