W&T Offshore, Inc. (NYSE:WTI) recovered 63.36% of its value since hitting low of $1.31. The recent move of 9.74% gain helped the stock to close at $2.14 when trading ended on 9/13/2017. At recent session, the prices were hovering between $1.97 and $2.19. This company shares are -21.03% up from its target price of $1.69 and the current market capitalization stands at $301.18M. The recent change has given its price a 10.45% lead over SMA 50 and -38.32% deficit over its 52-week high. The stock witnessed 11.46% gains, 4.9% gains and -24.65% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WTI’s volatility during a week at 5.07% and during a month it has been found around 4.2%.W&T Offshore, Inc. (WTI) Top Holders
Institutional investors currently hold around $137 million or 50.6% in WTI stock. Look at its top three institutional owners. Franklin Resources Inc owns $57.79 million in W&T Offshore, Inc., which represents roughly 19.19% of the company’s market cap and approximately 42.18% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 5,464,469 shares of the stock are valued at $10.66 million. The third largest holder is Centerbridge Partners, L.P., which currently holds $8.04 million worth of this stock and that ownership represents nearly 2.67% of its market capitalization.W&T Offshore, Inc. 13F Filings
At the end of 6/30/2017 reporting period, 59 institutional holders increased their position in W&T Offshore, Inc. (NYSE:WTI) by some 17,525,655 shares, 40 decreased positions by 10,127,706 and 17 held positions by 42,516,345. That puts total institutional holdings at 70,169,706 shares, according to SEC filings. The stock grabbed 14 new institutional investments totaling 4,458,963 shares while 22 institutional investors sold out their entire positions totaling 1,684,642 shares.
Multiple company employees have indulged in significant insider trading. W&T Offshore, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman & CEO, 10% Owner Krohn Tracy W has acquired 271,444 shares of W&T Offshore, Inc. (WTI) in trading session dated Aug. 31, 2017. These shares are worth $515,744 and were traded at $1.9 each. The SEC filing shows that Krohn Tracy W performed a purchase of 132,134 shares. The Chairman & CEO, 10% Owner added these shares by way of transaction on Aug. 23, 2017. The company’s shares were assimilated at $1.85 per share worth to an investment of some $244,448 on account of Krohn Tracy W.
Director, Katz Stuart B, purchased 50,000 common shares of W&T Offshore, Inc. (WTI) in the open market. In a transaction dated Aug. 22, 2017, the shares were bought at an average price of $1.85, giving away a sum of $92,500. After this purchase, 205,113 common shares of WTI are directly owned by the insider, with total stake valued at $438,942.
In the transaction dated Dec. 13, 2016, the great number of shares acquired came courtesy the SVP & CFO; Gibbons John D added a total of 35,000 shares at an average price of $2.2, amounting to approximately $77,000. The insider now directly owns 224,665 shares worth $480,783.W&T Offshore, Inc. (WTI) Analyst Guide
Several analysts have released their opinion on W&T Offshore, Inc. (NYSE:WTI), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 4 average brokerage recommendation.