W&T Offshore, Inc. (NYSE:WTI) to Issue Quarterly Dividend of $0.01

W&T Offshore, Inc. (NYSE:WTI - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Shareholders of record on Monday, August 18th will be paid a dividend of 0.01 per share by the oil and gas company on Monday, August 25th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, August 18th.W&T Offshore has a payout ratio of -8.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect W&T Offshore to earn ($0.43) 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 -9.3%. W&T Offshore Stock PerformanceShares of WTI stock remained flat at $1.73 during trading hours on Tuesday. 1,387,070 shares of the stock were exchanged, compared to its average volume of 1,814,356. The business has a 50 day moving average of $1.78 and a two-hundred day moving average of $1.58. W&T Offshore has a 52-week low of $1.09 and a 52-week high of $2.84. The firm has a market capitalization of $255.44 million, a price-to-earnings ratio of -2.40 and a beta of 0.70. W&T Offshore (NYSE:WTI - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The oil and gas company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.06. The firm had revenue of $122.37 million during the quarter, compared to the consensus estimate of $131.30 million. As a group, research analysts anticipate that W&T Offshore will post -0.45 earnings per share for the current fiscal year. About W&T Offshore (Get Free Report)W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX. Featured ArticlesFive stocks we like better than W&T OffshoreWhat is a buyback in stocks? A comprehensive guide for investorsRide the Rally: 3 Earnings Winners With More Upside AheadWhat is the Nasdaq? Complete Overview with HistoryApplied Digital: Why a Surge in Bullish Bets Signals a New Era What is a Dividend Harvesting Strategy and How Can Investors Profit from it?Palantir Stock Soars After Blowout Earnings ReportThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in W&T Offshore Right Now?Before you consider W&T Offshore, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and W&T Offshore wasn't on the list.While W&T Offshore currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here