Shorts Action: W&T Offshore Incorporated (NYSE:WTI) Shorts Decreased by 5.56% After Short Covering

November 21, 2016 - By Louis Casey   ·   0 Comments

Shorts Action: W&T Offshore Incorporated (NYSE:WTI) Shorts Decreased by 5.56% After Short Covering

The stock of W&T Offshore Incorporated (NYSE:WTI) registered a decrease of 5.56% in short interest. WTI’s total short interest was 11.31 million shares in November as published by FINRA. Its down 5.56% from 11.97M shares, reported previously. With 930,100 shares average volume, it will take short sellers 12 days to cover their WTI’s short positions. The short interest to W&T Offshore Incorporated’s float is 33.57%. About 681,398 shares traded hands. W&T Offshore, Inc. (NYSE:WTI) has declined 31.65% since April 19, 2016 and is downtrending. It has underperformed by 35.51% the S&P500.

W&T Offshore, Inc. is an independent oil and natural gas producer. The company has a market cap of $215.60 million. The Firm is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. It currently has negative earnings. The Firm owns a platform in the Gulf of Mexico located in a National Marine Sanctuary.

Insitutional Activity: The institutional sentiment increased to 1.82 in Q2 2016. Its up 1.35, from 0.47 in 2016Q1. The ratio improved, as 23 funds sold all W&T Offshore, Inc. shares owned while 24 reduced positions. 4 funds bought stakes while 18 increased positions. They now own 19.77 million shares or 17.60% less from 23.99 million shares in 2016Q1.
Legal And General Gp Public Ltd Liability Corporation holds 0% or 6,580 shares in its portfolio. Teachers has 0% invested in the company for 61,881 shares. Icon Advisers has 823,400 shares for 0.13% of their US portfolio. Panagora Asset Management holds 0% of its portfolio in W&T Offshore, Inc. (NYSE:WTI) for 5,492 shares. Alliancebernstein L P accumulated 68,208 shares or 0% of the stock. Bnp Paribas Arbitrage has 0% invested in the company for 2,027 shares. Ny State Common Retirement Fund has 0% invested in the company for 32,100 shares. Morgan Stanley accumulated 11,705 shares or 0% of the stock. State Street Corp holds 0% or 615,877 shares in its portfolio. Aqr Cap Mngmt Limited Liability Corp last reported 0% of its portfolio in the stock. Kcg Holdings holds 0% or 50,719 shares in its portfolio. Quantitative Invest Mngmt Ltd Co last reported 15,000 shares in the company. Spark Inv Lc accumulated 0.1% or 457,169 shares. Moreover, Cetera Advisor Ntwk Ltd Liability Corporation has 0% invested in W&T Offshore, Inc. (NYSE:WTI) for 11,647 shares. Dimensional Fund Advsrs L P has 763,568 shares for 0% of their US portfolio.

Insider Transactions: Since September 15, 2016, the stock had 1 buy, and 1 insider sale for $22,920 net activity. $49,473 worth of W&T Offshore, Inc. (NYSE:WTI) was sold by GIBBONS JOHN D. BOULET VIRGINIA had bought 16,700 shares worth $26,553.

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

Out of 4 analysts covering W&T Offshore (NYSE:WTI), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. W&T Offshore has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. 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 downgraded on Thursday, March 10 by KLR Group. The firm has “Neutral” rating by Global Hunter Securities given on Thursday, August 6. On Tuesday, January 19 the stock rating was downgraded by Capital One to “Underweight”. Barclays Capital downgraded it to “Underweight” rating and $1 target price in Monday, October 17 report.

WTI Company Profile

W&T Offshore, Inc., incorporated on April 27, 2004, is an independent oil and natural gas producer. The Firm is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. The Firm owns a platform in the Gulf of Mexico located in a National Marine Sanctuary. The Company’s fields are located in federal and state waters in the Gulf of Mexico. The fields are found in water depths ranging from 10 feet to 7,200 feet. The Company’s fields include Ship Shoal 349 Field (Mahogany), Fairway Field, Miss. Canyon 243 (Matterhorn), Viosca Knoll 783 (Tahoe/SE Tahoe), Miss. Canyon 782 (Dantzler), Main Pass 108, Brazos A133, Ewing Bank 910, Miss. Canyon 698 (Big Bend) and Miss. Canyon 538/582 (Medusa). The Firm sells its crude oil, natural gas liquids (NGLs) and natural gas to third-party customers. The Company’s subsidiary is W & T Energy VI, LLC.

More recent W&T Offshore, Inc. (NYSE:WTI) news were published by: Prnewswire.com which released: “W&T Offshore Announces Second Quarter 2016 Operations and Financial Results …” on August 04, 2016. Also Prnewswire.com published the news titled: “W&T Offshore Announces Closing of Exchange Offer and New Capital Financing” on September 08, 2016. Prnewswire.com‘s news article titled: “W&T Offshore Announces Expiration and Final Results for Exchange Offer and …” with publication date: September 02, 2016 was also an interesting one.

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By Louis Casey


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