W&T Offshore, Inc. (NYSE:WTI – Get Free Report) announced a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, November 12th will be given a dividend of $0.01 per share by the oil and gas company on Thursday, November 19th. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, November 12th.
W&T Offshore has a dividend payout ratio of -8.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect W&T Offshore to earn ($0.08) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -50.0%.
W&T Offshore Stock Down 4.1%
Shares of WTI stock opened at $4.04 on Friday. The firm has a 50 day moving average of $3.82 and a two-hundred day moving average of $3.38. The stock has a market capitalization of $610.55 million, a PE ratio of -5.54 and a beta of 0.35. W&T Offshore has a 52 week low of $1.50 and a 52 week high of $5.08.
W&T Offshore (NYSE:WTI – Get Free Report) last issued its earnings results on Thursday, October 29th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. The business had revenue of $167.08 million for the quarter, compared to analysts’ expectations of $144.97 million. Analysts expect that W&T Offshore will post -0.09 EPS for the current fiscal year.
W&T Offshore Company Profile
W&T Offshore, Inc is an independent oil and natural gas exploration and production company focused on the U.S. Gulf of Mexico. The company explores for, develops, and produces crude oil, natural gas, and natural gas liquids from offshore properties.
W&T Offshore’s operations have included assets in the federal and state waters of the Gulf of Mexico, spanning shelf and deepwater areas. Its activities include acquiring exploration and production interests, drilling and completing wells, and managing offshore production and related infrastructure.
Founded in 1983 by Tracy W.
Featured Articles
- Five stocks we like better than W&T Offshore
- SaaS-Pocalypse II: Is ServiceNow’s Sell-Off Another Buying Opportunity?
- Robinhood Stock Is Down Nearly 37%—So Why Is Wall Street Still So Bullish?
- 5 Stocks to Buy in November: Bargains Worth Giving Thanks For
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
Receive News & Ratings for W&T Offshore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W&T Offshore and related companies with MarketBeat.com's FREE daily email newsletter.
