Thursday, September 14, 2017 10:15 PM ET
Significant Insider purchase of W&T Offshore (WTI) Shares Extends the Buying Trend of Last Quarter
One W&T Offshore insider — Tracy W Krohn, 10% Owner, Director and Officer — today, purchased 918,763 shares having a market value of approximately $1,909,402, as disclosed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 453,578 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 1,372,341 shares and have averaged 457,447 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at W&T Offshore is greater than the 179-company peer group average. Oil & Gas Exploration and Production peer group saw 96 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for W&T Offshore insiders was also higher. Within the peer group there were 8,613,061 shares purchased and 523,202 shares sold with company insiders purchasing 115,569 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data obtained to evaluate and write this story.
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