Retirement Planning Group continued to hold its position in W&T Offshore, Inc. (NYSE:WTI) during the second quarter, according to its most recent filing with the SEC. The firm owned 60,000 shares of the oil and gas company’s stock at the end of the second quarter. Retirement Planning Group’s holdings in W&T Offshore were worth $118,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in W&T Offshore by 4.1% in the first quarter. Public Employees Retirement System of Ohio now owns 42,234 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 1,672 shares during the last quarter. State Street Corp raised its position in W&T Offshore by 1.0% in the fourth quarter. State Street Corp now owns 624,562 shares of the oil and gas company’s stock valued at $1,729,000 after buying an additional 6,470 shares during the last quarter. Tudor Investment Corp ET AL raised its position in W&T Offshore by 23.3% in the first quarter. Tudor Investment Corp ET AL now owns 39,520 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 7,478 shares during the last quarter. Bank of New York Mellon Corp raised its position in W&T Offshore by 5.6% in the first quarter. Bank of New York Mellon Corp now owns 151,848 shares of the oil and gas company’s stock valued at $420,000 after buying an additional 8,072 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in W&T Offshore by 165.5% in the first quarter. Nationwide Fund Advisors now owns 59,735 shares of the oil and gas company’s stock valued at $165,000 after buying an additional 37,238 shares during the last quarter. Hedge funds and other institutional investors own 46.72% of the company’s stock.

Shares of W&T Offshore, Inc. (WTI) traded up 1.55% during trading on Friday, reaching $1.97. 1,064,507 shares of the company were exchanged. W&T Offshore, Inc. has a 1-year low of $1.31 and a 1-year high of $3.47. The company’s 50-day moving average is $1.97 and its 200 day moving average is $2.35. The firm has a market capitalization of $271.02 million, a PE ratio of 2.11 and a beta of 2.40.

W&T Offshore (NYSE:WTI) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.21. The company had revenue of $123.32 million during the quarter, compared to the consensus estimate of $121.30 million. W&T Offshore had a net margin of 25.52% and a negative return on equity of 6.08%. W&T Offshore’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.47) earnings per share. Equities research analysts expect that W&T Offshore, Inc. will post $0.41 EPS for the current fiscal year.

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WTI has been the subject of a number of recent analyst reports. Barclays PLC restated a “sell” rating and issued a $1.50 price objective on shares of W&T Offshore in a report on Friday, July 7th. ValuEngine upgraded shares of W&T Offshore from a “sell” rating to a “hold” rating in a report on Friday, May 19th. Zacks Investment Research lowered shares of W&T Offshore from a “buy” rating to a “sell” rating in a report on Friday, July 14th. Finally, BidaskClub lowered shares of W&T Offshore from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. W&T Offshore presently has an average rating of “Hold” and an average price target of $2.58.

W&T Offshore Company Profile

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.

Institutional Ownership by Quarter for W&T Offshore (NYSE:WTI)

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