W&T Offshore, Inc. (NYSE:WTI) Position Increased by Creative Planning

Creative Planning lifted its holdings in W&T Offshore, Inc. (NYSE:WTI) by 14.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 286,747 shares of the oil and gas company’s stock after buying an additional 36,145 shares during the quarter. Creative Planning owned approximately 0.20% of W&T Offshore worth $617,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in shares of W&T Offshore during the third quarter valued at $316,000. SG Americas Securities LLC raised its position in W&T Offshore by 94.6% in the third quarter. SG Americas Securities LLC now owns 165,828 shares of the oil and gas company’s stock worth $357,000 after acquiring an additional 80,600 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in W&T Offshore by 17.8% during the second quarter. The Manufacturers Life Insurance Company now owns 47,209 shares of the oil and gas company’s stock worth $101,000 after buying an additional 7,142 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of W&T Offshore by 197.3% during the second quarter. Squarepoint Ops LLC now owns 413,139 shares of the oil and gas company’s stock worth $884,000 after purchasing an additional 274,156 shares during the period. Finally, Aristeia Capital L.L.C. increased its position in shares of W&T Offshore by 160.9% in the second quarter. Aristeia Capital L.L.C. now owns 311,497 shares of the oil and gas company’s stock worth $667,000 after acquiring an additional 192,088 shares in the last quarter. 42.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Thursday, September 19th.

W&T Offshore Stock Performance

W&T Offshore stock opened at $2.14 on Tuesday. The company has a market cap of $314.27 million, a PE ratio of -12.59 and a beta of 1.40. The company’s 50-day moving average is $2.17 and its two-hundred day moving average is $2.23. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 75.32. W&T Offshore, Inc. has a 1 year low of $1.92 and a 1 year high of $4.25.

W&T Offshore (NYSE:WTI) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The business had revenue of $142.70 million for the quarter, compared to analyst estimates of $148.05 million. W&T Offshore had a negative return on equity of 103.71% and a negative net margin of 4.51%. W&T Offshore’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) EPS. Equities analysts anticipate that W&T Offshore, Inc. will post -0.46 earnings per share for the current year.

W&T Offshore 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.