It Seems W&T Offshore Inc (NYSE:WTI) Will Go Down. Just Reported More Shorted Shares

March 16, 2018 - By Henry Gaston

 It Seems W&T Offshore Inc (NYSE:WTI) Will Go Down. Just Reported More Shorted Shares

Investors sentiment increased to 1.94 in 2017 Q3. Its up 0.28, from 1.66 in 2017Q2. It improved, as 13 investors sold W&T Offshore, Inc. shares while 19 reduced holdings. 30 funds opened positions while 32 raised stakes. 63.51 million shares or 3.99% less from 66.16 million shares in 2017Q2 were reported.
Jpmorgan Chase has invested 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI). California Employees Retirement Sys accumulated 1.47M shares. Credit Suisse Ag owns 74,613 shares. Goldman Sachs Inc accumulated 168,994 shares. Principal Fin Group has 2.44 million shares. Prelude Management Lc holds 0% in W&T Offshore, Inc. (NYSE:WTI) or 11,500 shares. Vanguard Grp invested in 3.95 million shares. Systematic Financial L P reported 0.05% stake. Panagora Asset Mgmt stated it has 0.03% of its portfolio in W&T Offshore, Inc. (NYSE:WTI). Tiaa Cref Investment Mngmt Lc stated it has 667,533 shares or 0% of all its holdings. 148,643 were reported by Horizon Kinetics Limited Liability. Invesco invested in 396,934 shares or 0% of the stock. Federated Pa invested 0% in W&T Offshore, Inc. (NYSE:WTI). First Interstate Bancorporation reported 0% stake. Natixis owns 11,579 shares.

Since December 18, 2017, it had 0 buys, and 2 selling transactions for $133,631 activity. Schroeder Stephen L sold 18,762 shares worth $52,721.

The stock of W&T Offshore Inc (NYSE:WTI) registered an increase of 2.7% in short interest. WTI’s total short interest was 4.10 million shares in March as published by FINRA. Its up 2.7% from 3.99 million shares, reported previously. With 3.00 million shares average volume, it will take short sellers 1 days to cover their WTI’s short positions. The short interest to W&T Offshore Inc’s float is 4.55%.

The stock decreased 3.95% or $0.16 during the last trading session, reaching $3.89. About 1.58M shares traded. W&T Offshore, Inc. (NYSE:WTI) has risen 11.39% since March 16, 2017 and is uptrending. It has underperformed by 5.31% the S&P500.

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 has market cap of $541.06 million. It sells crude oil, natural gas liquids, and natural gas. It has a 7.01 P/E ratio. The firm holds working interests in approximately 54 offshore fields in federal and state waters.

W&T Offshore, Inc. (NYSE:WTI) Ratings Coverage

Among 4 analysts covering W&T Offshore (NYSE:WTI), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. W&T Offshore has $6 highest and $1 lowest target. $3.13’s average target is -19.54% below currents $3.89 stock price. W&T Offshore had 13 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by KLR Group on Thursday, March 10 to “Hold”. The stock of W&T Offshore, Inc. (NYSE:WTI) has “Sector Perform” rating given on Monday, August 17 by Iberia Capital Partners. The company was upgraded on Monday, March 12 by Capital One. Global Hunter Securities upgraded W&T Offshore, Inc. (NYSE:WTI) on Thursday, August 6 to “Neutral” rating. Barclays Capital downgraded W&T Offshore, Inc. (NYSE:WTI) on Monday, October 17 to “Underweight” rating. Capital One downgraded the shares of WTI in report on Wednesday, January 10 to “Underweight” rating. The rating was downgraded by Capital One on Tuesday, January 19 to “Underweight”.

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