(24/7 Market News) W&T Offshore Inc. (NYSE: WTI) is trading at $8.905, $0.965 (+12.15%) higher, on 6,040,119 shares traded, a new 52 week high.
The Oil and Gas exploration and production company has hit new 52 week highs nearly every day since late May, following reporting its Q1 2022 financial results earlier in May. It reported adjusted earnings (excluding a one-time item) of 21 cents per share, nearly doubling the previous year’s same quarter of 11 cents per share, while the $191 million total quarterly revenues beat Q1 2021 total revenues.
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