NEW YORK ( TheStreet) -- The ex-dividend date for W&T Offshore (NYSE: WTI) is tomorrow, March 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $19.11 as of 10:22 a.m. ET, the dividend yield is 0.8%. The average volume for W&T has been 905,100 shares per day over the past 30 days. W&T has a market cap of $1.5 billion and is part of the basic materials sector and energy industry. Shares are up 10.4% year to date as of the close of trading on Wednesday. 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 12.8, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.5. TheStreet Ratings rates W&T as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and feeble growth in the company's earnings per share. You can view the full W&T Ratings Report. See our dividend calendar or top-yielding stocks list.
More from Markets
Jim Cramer: A Cold War With China Is Worth Avoiding
I wish I could say buy this dip. But the dip is one that's not necessarily going to have an ending today.
China's New Tariffs on U.S. Stem From Domestic Political Calculus, Goldman Says
China's plan to impose new tariffs on U.S. imports might not be the best for the Asian country's economy, but it might be a politically savvy move from the standpoint of the country's leaders, Goldman Sachs says in a report.