W&T Offshore, Inc. (NYSE:WTI) Declares Quarterly Dividend of $0.01

W&T Offshore, Inc. (NYSE:WTI) declared a quarterly dividend on Thursday, November 7th,NASDAQ Dividends reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.01 per share by the oil and gas company on Friday, November 29th. This represents a $0.04 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, November 21st.

W&T Offshore has a payout ratio of -10.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect W&T Offshore to earn ($0.36) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -11.1%.

W&T Offshore Stock Up 0.5 %

W&T Offshore stock opened at $2.01 on Tuesday. The company has a debt-to-equity ratio of 75.32, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day moving average is $2.16 and its 200-day moving average is $2.22. W&T Offshore has a fifty-two week low of $1.92 and a fifty-two week high of $3.75.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Thursday, September 19th.

About W&T Offshore

W&T Offshore, Inc, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.