The Q2 2017 EPS Estimates for W&T Offshore, Inc. (WTI) Decreased by Analyst

The Q2 2017 EPS Estimates for W&T Offshore, Inc. (WTI) Decreased by Analyst

W&T Offshore, Inc. (NYSE:WTI) – Equities researchers at Capital One Financial Corp. reduced their Q2 2017 earnings per share estimates for W&T Offshore in a note issued to investors on Friday. Capital One Financial Corp. analyst R. Tullis now expects that the oil and gas company will earn $0.12 per share for the quarter, down from their previous forecast of $0.15. Capital One Financial Corp. also issued estimates for W&T Offshore’s FY2017 earnings at $0.79 EPS and FY2018 earnings at $0.38 EPS.

W&T Offshore (NYSE:WTI) opened at 1.98 on Monday. W&T Offshore has a 52 week low of $1.31 and a 52 week high of $3.47. The company’s market cap is $272.28 million. The company’s 50-day moving average price is $2.15 and its 200 day moving average price is $2.52. W&T Offshore (NYSE:WTI) last announced its earnings results on Wednesday, May 3rd. The oil and gas company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.20. The firm had revenue of $124.39 million for the quarter.

Several large investors have recently made changes to their positions in the company. Morgan Stanley boosted its stake in shares of W&T Offshore by 247.6% in the first quarter. Morgan Stanley now owns 503,827 shares of the oil and gas company’s stock worth $1,396,000 after buying an additional 358,874 shares during the period. Menta Capital LLC bought a new stake in shares of W&T Offshore during the first quarter worth approximately $960,000. Goldman Sachs Group Inc. boosted its stake in shares of W&T Offshore by 490.1% in the first quarter. Goldman Sachs Group Inc. now owns 350,171 shares of the oil and gas company’s stock worth $970,000 after buying an additional 290,827 shares during the period. Quantitative Investment Management LLC bought a new stake in shares of W&T Offshore during the first quarter worth approximately $775,000. Finally, Cigna Investments Inc. New bought a new stake in shares of W&T Offshore during the fourth quarter worth approximately $708,000. 49.09% of the stock is owned by institutional investors and hedge funds. About W&T Offshore

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WTI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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