StockNews.com Downgrades W&T Offshore (NYSE:WTI) to Sell

W&T Offshore (NYSE:WTI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

W&T Offshore Price Performance

WTI stock opened at $1.45 on Wednesday. W&T Offshore has a 1 year low of $1.30 and a 1 year high of $2.84. The company has a market cap of $212.93 million, a P/E ratio of -3.36 and a beta of 1.32. The firm has a 50-day moving average of $1.69 and a 200 day moving average of $1.93. The company has a debt-to-equity ratio of 75.32, a current ratio of 0.98 and a quick ratio of 0.98.

Hedge Funds Weigh In On W&T Offshore

Institutional investors and hedge funds have recently made changes to their positions in the business. Huber Capital Management LLC grew its holdings in shares of W&T Offshore by 10.6% during the fourth quarter. Huber Capital Management LLC now owns 5,050,450 shares of the oil and gas company’s stock valued at $8,384,000 after buying an additional 483,954 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of W&T Offshore by 427.0% during the fourth quarter. Ameriprise Financial Inc. now owns 3,831,604 shares of the oil and gas company’s stock valued at $6,360,000 after buying an additional 3,104,484 shares during the last quarter. Millennium Management LLC grew its holdings in shares of W&T Offshore by 31.2% during the fourth quarter. Millennium Management LLC now owns 2,472,996 shares of the oil and gas company’s stock valued at $4,105,000 after buying an additional 588,106 shares during the last quarter. Geode Capital Management LLC boosted its holdings in W&T Offshore by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 2,189,364 shares of the oil and gas company’s stock worth $3,635,000 after purchasing an additional 42,795 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in W&T Offshore by 41.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,262,488 shares of the oil and gas company’s stock worth $2,096,000 after purchasing an additional 368,803 shares during the last quarter. Institutional investors own 42.88% of the company’s stock.

W&T Offshore Company Profile

W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.