Could W&T Offshore, Inc. (WTI) Change Direction After Today’s Huge Increase?

April 17, 2018 - By reb123z

Investors sentiment decreased to 1.63 in 2017 Q4. Its down 0.31, from 1.94 in 2017Q3. It dived, as 11 investors sold W&T Offshore, Inc. shares while 32 reduced holdings. 35 funds opened positions while 35 raised stakes. 63.07 million shares or 0.69% less from 63.51 million shares in 2017Q3 were reported.
Wells Fargo And Co Mn owns 520,604 shares. Jane Street Lc holds 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI) for 47,787 shares. D E Shaw holds 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI) for 208,243 shares. 153,846 are held by Highbridge Capital Management Ltd Liability Corporation. Metropolitan Life New York holds 0% or 21,892 shares in its portfolio. Principal Financial Gru has invested 0.01% in W&T Offshore, Inc. (NYSE:WTI). Macquarie Gp holds 0% or 480,459 shares. 74,908 are held by Alliancebernstein Limited Partnership. Northern Tru Corp invested in 0% or 1.01M shares. Goodman has invested 0% in W&T Offshore, Inc. (NYSE:WTI). American Intl Gru reported 0% in W&T Offshore, Inc. (NYSE:WTI). Acadian Asset Lc reported 668,664 shares. Wellington Mgmt Group Llp reported 219,728 shares or 0% of all its holdings. Chicago Equity Ptnrs Ltd Co holds 767,910 shares or 0.08% of its portfolio. Balyasny Asset Mgmt Ltd Liability holds 0% or 25,752 shares in its portfolio.

Since December 18, 2017, it had 0 insider buys, and 2 insider sales for $133,631 activity. The insider GIBBONS JOHN D sold 29,000 shares worth $80,910.

The stock of W&T Offshore, Inc. (NYSE:WTI) is a huge mover today! The stock increased 7.29% or $0.35 during the last trading session, reaching $5.15. About 2.48M shares traded or 11.81% up from the average. W&T Offshore, Inc. (NYSE:WTI) has risen 50.71% since April 17, 2017 and is uptrending. It has outperformed by 39.16% the S&P500.
The move comes after 5 months positive chart setup for the $716.32M company. It was reported on Apr, 17 by Barchart.com. We have $5.46 PT which if reached, will make NYSE:WTI worth $42.98 million more.

Analysts await W&T Offshore, Inc. (NYSE:WTI) to report earnings on May, 2. They expect $0.12 earnings per share, down 25.00 % or $0.04 from last year’s $0.16 per share. WTI’s profit will be $16.69M for 10.73 P/E if the $0.12 EPS becomes a reality. After $0.17 actual earnings per share reported by W&T Offshore, Inc. for the previous quarter, Wall Street now forecasts -29.41 % negative EPS growth.

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 has market cap of $716.32 million. It sells crude oil, natural gas liquids, and natural gas. It has a 9.28 P/E ratio. The firm holds working interests in approximately 54 offshore fields in federal and state waters.

W&T Offshore, Inc. (NYSE:WTI) Institutional Positions Chart

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