SG Americas Securities LLC Purchases Shares of 85,228 W&T Offshore, Inc. (NYSE:WTI)

SG Americas Securities LLC acquired a new position in W&T Offshore, Inc. (NYSE:WTI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 85,228 shares of the oil and gas company’s stock, valued at approximately $182,000. SG Americas Securities LLC owned 0.06% of W&T Offshore as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WTI. Sanders Morris Harris LLC purchased a new stake in W&T Offshore in the 1st quarter worth approximately $26,000. Signaturefd LLC increased its stake in shares of W&T Offshore by 907.2% in the fourth quarter. Signaturefd LLC now owns 8,390 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 7,557 shares in the last quarter. Norden Group LLC purchased a new stake in shares of W&T Offshore in the first quarter worth $29,000. Paloma Partners Management Co bought a new stake in shares of W&T Offshore during the 1st quarter valued at $36,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new position in shares of W&T Offshore during the 1st quarter valued at $42,000. 42.88% of the stock is owned by hedge funds and other institutional investors.

W&T Offshore Stock Up 4.0 %

NYSE WTI opened at $2.33 on Friday. W&T Offshore, Inc. has a 12 month low of $1.99 and a 12 month high of $4.51. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 75.32. The stock has a market cap of $342.18 million, a PE ratio of -15.53 and a beta of 1.40. The stock’s 50 day moving average is $2.26 and its 200 day moving average is $2.44.

W&T Offshore (NYSE:WTI) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). W&T Offshore had a negative net margin of 4.51% and a negative return on equity of 103.71%. The company had revenue of $142.70 million for the quarter, compared to the consensus estimate of $148.05 million. During the same quarter in the previous year, the business earned ($0.08) EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Research analysts predict that W&T Offshore, Inc. will post -0.34 EPS for the current fiscal year.

W&T Offshore Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 20th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Tuesday, August 20th. W&T Offshore’s dividend payout ratio (DPR) is presently -26.66%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered W&T Offshore from a “hold” rating to a “sell” rating in a research note on Friday.

W&T Offshore Company Profile

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.