NEW YORK ( TheStreet) -- W&T Offshore (NYSE: WTI) hit a new 52-week high Wednesday as it traded at $23.89 compared with its previous 52-Week high of $23.77. W&T is changing hands at $23.50 with 404,739 shares traded as of 12:31 p.m. ET. Average volume has been 864,500 shares over the past 30 days. W&T has a market cap of $1.8 billion and is part of the basic materials sector and energy industry. Shares are up 31.2% year to date as of the close of trading on Tuesday. W&T Offshore, Inc., together with its subsidiaries, engages in the acquisition, exploitation, exploration, production, and development of oil and natural gas properties in the Gulf of Mexico. The company has a P/E ratio of 11, below the average energy industry P/E ratio of 12 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates W&T as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's revenue growth has not been good. You can view the full W&T Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
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