Insider Activity to Watch: W&T Offshore, Inc. $WTI

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W&T Offshore, Inc. (NYSE:WTI) insider have most recently took part in a trading activity. On Aug 23, 2017 Krohn Tracy W, Chairman & CEO, 10% Owner bought 132,134 shares having total worth of $244,448 at the price of $1.85 per share, following the transaction a total of 43,761,036 shares owned by Krohn Tracy W. Before this latest buy, Krohn Tracy W purchased WTI at 2 other times during the past twelve months, for a total investment of $39.2M at an average of $1.95 per share.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 buy trades. Furthermore, over the past 12 months , the stock was traded 8 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 7 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 0 -24.6%
12 Month 7 1 -28.3%

Shares of W&T Offshore, Inc. (NYSE:WTI) traded up 2.15% on Aug 24, 2017, hitting $1.9. 1,058,883 shares of the company’s stock traded hands. W&T Offshore, Inc. has a 52 week low of $1.35 and a 52 week high of $3.27. The company’s market cap is $120 million.

W&T Offshore, Inc. (NYSE:WTI) last announced its earnings results on Aug 3, 2017. The company reported 0.22 earnings per share (EPS) for the quarter. The company had revenue of $123 million for the quarter, compared to the consensus estimate of $127 million. During the same quarter in the previous year, the company posted -0.47 earnings per share. The company’s revenue for the quarter was up 24% on a year-over-year basis.

2017-08-03 2017-05-03 2017-03-01 2016-11-02 2016-08-04 2016-05-04 2016-03-08 2015-11-04 2015-08-05 2015-05-06
earnings per share 0.22 0.16 0.06 -0.24 -0.47 -0.95 -0.44 -0.82 -0.54 -1.13
Revenue(M) 123.32 124.39 115.21 107.4 99.66 77.72 104.06 126.23 149.07 127.91

W&T Offshore Inc is a Texas corporation originally organized as a Nevada corporation in 1988, and successor by merger to W&T Oil Properties, Inc., a Louisiana corporation organized in 1983. The Company is an oil and natural gas producer. It is engaged in the acquisition, exploitation, exploration and development of oil and natural gas properties in the Gulf of Mexico. It has developed technical expertise and high production rates associated with hydrocarbon deposits that have historically provided it to achieve a return on its invested capital. The Company has acquired rights to explore and develop new prospects and acquired existing oil and natural gas properties in both the deepwater and the deep shelf, while at the same time continuing its focus on the conventional shelf. The Company has interests in offshore leases covering approximately 1.2 million gross acres spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama. It seeks to increase its reserves through acquisitions and drilling programs. The Company has focused on acquiring properties where it could develop an inventory of drilling prospects that would enable it to add reserves post-acquisition. W&T Offshore sells its oil, NGLs and natural gas to third-party purchasers. The Company is not dependent upon, or contractually limited to, any one purchaser or small group of purchasers.. Various aspects of its oil and natural gas operations are subject to extensive and continually changing regulation as legislation affecting the oil and natural gas industry is under constant review for amendment or expansion.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.