W&T Offshore (NYSE:WTI) Upgraded at StockNews.com

W&T Offshore (NYSE:WTI) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

W&T Offshore Price Performance

Shares of NYSE WTI traded down $0.06 during mid-day trading on Friday, reaching $1.70. The company had a trading volume of 1,769,176 shares, compared to its average volume of 2,081,434. The company has a 50-day moving average price of $2.05 and a two-hundred day moving average price of $2.16. The stock has a market cap of $250.51 million, a PE ratio of -3.95 and a beta of 1.35. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 75.32. W&T Offshore has a 1-year low of $1.69 and a 1-year high of $3.44.

Institutional Investors Weigh In On W&T Offshore

Several large investors have recently made changes to their positions in WTI. Barclays PLC lifted its stake in shares of W&T Offshore by 317.3% in the 3rd quarter. Barclays PLC now owns 140,781 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 107,045 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of W&T Offshore by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,146,569 shares of the oil and gas company’s stock worth $4,616,000 after buying an additional 52,186 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of W&T Offshore by 307.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 138,029 shares of the oil and gas company’s stock worth $297,000 after acquiring an additional 104,156 shares in the last quarter. FMR LLC increased its holdings in shares of W&T Offshore by 72.1% during the 3rd quarter. FMR LLC now owns 37,846 shares of the oil and gas company’s stock valued at $81,000 after acquiring an additional 15,852 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of W&T Offshore during the 3rd quarter valued at about $64,000. Institutional investors own 42.88% of the company’s stock.

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.