Out of 9 analysts covering W&T Offshore (NYSE:WTI), 1 rate it “Buy”, 0 “Sell”, while 8 “Hold”. This means 11% are positive. W&T Offshore was the topic in 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Below is a list of W&T Offshore, Inc. (NYSE:WTI) latest ratings and price target changes.
19/01/2016 Broker: Capital One Old Rating: Equal Weight New Rating: Underweight Downgrade
19/01/2016 Broker: KLR Group Rating: Old Target: $7.00 New Target: $4.00 Target Down
15/10/2015 Broker: KLR Group Rating: Old Target: $8.00 New Target: $6.00 Target Down
07/10/2015 Broker: BMO Capital Markets Rating: Old Target: $3.00 New Target: $2.00 Target Down
08/09/2015 Broker: Barclays Capital Rating: Equal Weight Old Target: $4.50 New Target: $4.00 Target Down
About 3.89 million shares traded hands or 224.17% up from the average. W&T Offshore, Inc. (NYSE:WTI) has declined 57.38% since July 24, 2015 and is downtrending. It has underperformed by 50.29% the S&P500.
W&T Offshore, Inc. is an independent oil and natural gas producer. The company has a market cap of $185.60 million. The Firm is engaged in the exploration, development and acquisition of oil and natural gas properties primarily in the Gulf of Mexico and the Permian Basin in West Texas. It currently has negative earnings. The Company’s onshore activities are primarily in the Permian Basin in West Texas.
The institutional sentiment decreased to 0.54 in 2015 Q3. Its down 0.21, from 0.75 in 2015Q2. The ratio is negative, as 29 funds sold all W&T Offshore, Inc. shares owned while 34 reduced positions. 9 funds bought stakes while 25 increased positions. They now own 29.54 million shares or 15.07% less from 34.79 million shares in 2015Q2.
Claren Road Asset Management Llc holds 18.41% of its portfolio in W&T Offshore, Inc. for 3.53 million shares. Marathon Asset Management Lp owns 1.14 million shares or 1.02% of their US portfolio. Moreover, Phoenix Investment Adviser Llc has 0.23% invested in the company for 77,000 shares. The Massachusetts-based Capital Impact Advisors Llc has invested 0.19% in the stock. Advisors Asset Management Inc., a Colorado-based fund reported 696,673 shares.
Since September 8, 2015, the stock had 3 insider purchases, and 0 selling transactions for $124,213 net activity. Boulet Virginia bought 12,750 shares worth $40,163. Stanley B Frank bought 11,000 shares worth $40,370. Katz Stuart B bought 12,000 shares worth $43,680.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.