Ethic Inc. Makes New Investment in W&T Offshore, Inc. (NYSE:WTI)

Ethic Inc. acquired a new position in shares of W&T Offshore, Inc. (NYSE:WTI) during the 4th quarter, Holdings Channel.com reports. The fund acquired 21,757 shares of the oil and gas company’s stock, valued at approximately $36,000.

Several other large investors have also recently added to or reduced their stakes in WTI. Raymond James Financial Inc. bought a new stake in W&T Offshore during the fourth quarter worth about $32,000. US Bancorp DE acquired a new position in shares of W&T Offshore during the fourth quarter worth approximately $33,000. Boothbay Fund Management LLC acquired a new position in shares of W&T Offshore during the fourth quarter worth approximately $41,000. R Squared Ltd acquired a new position in shares of W&T Offshore during the fourth quarter worth approximately $54,000. Finally, RPO LLC acquired a new position in shares of W&T Offshore during the fourth quarter worth approximately $55,000. 42.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of W&T Offshore from a “sell” rating to a “hold” rating in a report on Thursday, May 8th.

W&T Offshore Trading Up 1.0%

Shares of NYSE WTI opened at $1.47 on Monday. W&T Offshore, Inc. has a twelve month low of $1.09 and a twelve month high of $2.84. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 75.32. The company’s fifty day moving average is $1.35 and its 200-day moving average is $1.61. The stock has a market cap of $216.31 million, a price-to-earnings ratio of -3.41 and a beta of 0.53.

W&T Offshore (NYSE:WTI) last issued its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.01. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. The firm had revenue of $129.87 million for the quarter, compared to analyst estimates of $123.91 million. Equities research analysts predict that W&T Offshore, Inc. will post -0.45 EPS for the current year.

W&T Offshore Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Tuesday, May 20th. W&T Offshore’s payout ratio is -5.56%.

W&T Offshore Company 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.