Dividend Growth of W&T Offshore, Inc.(WTI)

W&T Offshore has a 5 year average dividend yield of 2.26% The 5 year historical dividend growth of W&T Offshore(WTI) is at the rate of -10.76% while the R-Squared dividend growth is 0.12. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

W&T Offshore, Inc. (NYSE:WTI) witnessed a decline in the market cap on Thursday as its shares dropped 0.36% or 0.01 points. After the session commenced at $2.78, the stock reached the higher end at $2.81 while it hit a low of $2.75. With the volume soaring to 831,124 shares, the last trade was called at $2.77. The company has a 52-week high of $3.5. The company has a market cap of $380 million and there are 137,082,820 shares in outstanding. The 52-week low of the share price is $1.31. Shares of W&T Offshore, Inc. appreciated by 0.36% during the last five trading days but lost 12.89% on a 4-week basis. W&T Offshore, Inc. is up 67.88% in the last 3-month period. Year-to-Date the stock performance stands at 0%.

Currently the company Insiders own 54.08% of W&T Offshore, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 4.91% . Institutional Investors own 49.09% of W&T Offshore, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 4.83%. Company has reported several Insider transactions to the SEC, on Jan 17, 2017, Virginia Boulet (director) purchased 26,700 shares at 1.59 per share price.On Dec 15, 2016, John D Gibbons (CFO) purchased 35,000 shares at 2.20 per share price.On Dec 13, 2016, Tracy W Krohn (CEO) purchased 835,308 shares at 1.95 per share price.

W&T Offshore Last issued its quarterly earnings results on Nov 2, 2016. The company reported $-0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.23. Analyst had a consensus of $-0.47. The company had revenue of $107.40 million for the quarter, compared to analysts expectations of $109.57 million. The companys revenue was down -14.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.79 EPS.

W&T Offshore is an independent oil and natural gas company focused primarily in the Gulf of Mexico area, including the deep water. They have grown through acquisition, exploitation and exploration. W&T has grown through acquisition, exploitation and exploration and now holds working interests in over two hundred fields in federal and state waters and a majority of its daily production is derived from wells it operates.


Share this post

Leave a Reply