Tracy W. Krohn Purchases 1180888 Shares of W&T Offshore Inc. (WTI) Stock

Herman Weaver
December 16, 2016

5 Analysts reported that the Price Target for W&T Offshore Inc. might touch $4 high while the Average Price Target and Low price Target is $2.55 and $1 respectively.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 9, 2016, Tracy W Krohn (CEO) purchased 1,180,888 shares at $1.94 per share price.On Nov 30, 2016, Stuart B Katz (director) purchased 25,000 shares at $1.57 per share price.Also, On Nov 14, 2016, John D Gibbons (SVP & Chief Financial Officer) sold 35,000 shares at $1.41 per share price.On Sep 19, 2016, Virginia Boulet (director) purchased 16,700 shares at $1.59 per share price. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

W&T Offshore Inc. closed its last trading session at $1.97 with the gain of 13.2%. The shares ended last trade at $2.29, implying that Wall Street analysts see shares climbing about 11.35 per cent in 12 months' time. The 52-week high of the share price is $3.5 and the company has a market cap of $306 M. The 52-week low of the share price is at $1.23. The firm has a 50-day moving average price of $1.64 and a 200-day moving average price of $1.84.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings results on Wednesday, November 2nd. The difference between Actual EPS and Estimated EPS was $0.19/share. For the quarter, revenue came in at 107.4M versus consensus estimate of 109.57M. The business's revenue for the quarter was down 14.9% on a year-over-year basis.

Triangle Petroleum Corporation (NYSEMKT:TPLM) shares now have a mean rating of 3.00 while 0 analysts have recommended the shares as "BUY", 0 commented as "OUTPERFORM" and 1 commented as "HOLD".

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Separately, Barclays PLC downgraded W&T Offshore from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $2.00 to $1.00 in a report on Monday, October 17th. 0 of the brokerages firms have a buy or better rating; the 0 sells versus 2 underperforms. The company presently has an average rating of "Hold" and a consensus price target of $2.19.

A number of institutional investors have recently added to or reduced their stakes in WTI. California Public Employees Retirement System now owns 1,992,067 shares of the company's stock valued at $4,622,000 after buying an additional 90,300 shares during the last quarter. California Public Employees Retirement System boosted its position in W&T Offshore by 4.7% in the second quarter. 3,036,170 shares of the company's stock were exchanged. Phoenix Investment Adviser LLC acquired a new position in W&T Offshore during the third quarter valued at $2,386,000. Finally, KBC Group NV raised its position in shares of W&T Offshore by 153.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,311,912 shares of the company's stock valued at $2,309,000 after buying an additional 117,198 shares during the period.

W&T Offshore, Inc. annual Divided is 0 while it's Dividend Yield is 0%.

W&T Offshore, Inc is an independent oil and natural gas producer.

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