NEW YORK ( TheStreet) -- The ex-dividend date for W&T Offshore (NYSE: WTI) is Monday, May 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $24.42 as of 9:32 a.m. ET, the dividend yield is 0.6%.

The average volume for W&T has been one million shares per day over the past 30 days. W&T has a market cap of $1.9 billion and is part of the basic materials sector and energy industry. Shares are up 33.9% year to date as of the close of trading on Thursday.

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 19.8, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.9.
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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, revenue growth 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.

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