NYSE:WTI W&T Offshore (WTI) Stock Forecast, Price & News $4.39 +0.23 (+5.52%) (As of 09/27/2023 ET) Add Compare Share Share Today's Range$4.23▼$4.4650-Day Range$3.90▼$4.4152-Week Range$3.62▼$9.16Volume2.69 million shsAverage Volume2.42 million shsMarket Capitalization$643.78 millionP/E Ratio5.17Dividend YieldN/APrice Target$8.30 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media W&T Offshore MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside88.9% Upside$8.30 Price TargetShort InterestBearish15.29% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.11Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth1,166.67%From $0.03 to $0.38 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.35 out of 5 starsOils/Energy Sector96th out of 246 stocksCrude Petroleum & Natural Gas Industry46th out of 81 stocks 3.5 Analyst's Opinion Consensus RatingW&T Offshore has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.30, W&T Offshore has a forecasted upside of 88.9% from its current price of $4.40.Amount of Analyst CoverageW&T Offshore has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted15.29% of the float of W&T Offshore has been sold short.Short Interest Ratio / Days to CoverW&T Offshore has a short interest ratio ("days to cover") of 7.6.Change versus previous monthShort interest in W&T Offshore has recently increased by 2.70%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldW&T Offshore does not currently pay a dividend.Dividend GrowthW&T Offshore does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for WTI. Previous Next 1.7 News and Social Media Coverage News SentimentW&T Offshore has a news sentiment score of 0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for W&T Offshore this week, compared to 3 articles on an average week.Search InterestOnly 6 people have searched for WTI on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat Follows10 people have added W&T Offshore to their MarketBeat watchlist in the last 30 days. This is an increase of 233% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, W&T Offshore insiders have not sold or bought any company stock.Percentage Held by Insiders33.50% of the stock of W&T Offshore is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 39.72% of the stock of W&T Offshore is held by institutions. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for W&T Offshore are expected to grow by 1,166.67% in the coming year, from $0.03 to $0.38 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of W&T Offshore is 5.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.63.Price to Earnings Ratio vs. SectorThe P/E ratio of W&T Offshore is 5.17, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.97.Price to Book Value per Share RatioW&T Offshore has a P/B Ratio of 87.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About W&T Offshore (NYSE:WTI) StockW&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.Read More WTI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart WTI Stock News HeadlinesSeptember 22, 2023 | msn.comW&T Offshore (WTI) Expands in Gulf of Mexico With $32M DealSeptember 21, 2023 | msn.comW&T Offshore buys Gulf of Mexico assets in $32M dealSeptember 27, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.September 21, 2023 | finance.yahoo.comW&T Offshore Announces Accretive Acquisition of Producing Properties in the Gulf of MexicoSeptember 18, 2023 | americanbankingnews.comBrokers Issue Forecasts for W&T Offshore, Inc.'s Q3 2023 Earnings (NYSE:WTI)September 14, 2023 | finance.yahoo.comW&T Offshore Announces Participation in Pareto Securities’ 30th Annual Energy ConferenceSeptember 14, 2023 | finance.yahoo.comW&T Offshore, Inc. (NYSE:WTI) is definitely on the radar of institutional investors who own 43% of the companySeptember 5, 2023 | finance.yahoo.comW&T Offshore Announces Management PromotionSeptember 27, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.August 31, 2023 | finance.yahoo.comW&T (WTI) Up 4.3% Since Last Earnings Report: Can It Continue?August 18, 2023 | finance.yahoo.comCalculating The Fair Value Of W&T Offshore, Inc. (NYSE:WTI)August 16, 2023 | finance.yahoo.comW&T Offshore Issues 2022 Corporate Environmental, Social, and Governance ReportAugust 3, 2023 | finance.yahoo.comW&T Offshore (WTI) Q2 Earnings Lag Estimates, Revenues Fall Y/YAugust 3, 2023 | finance.yahoo.comQ2 2023 W&T Offshore Inc Earnings CallAugust 2, 2023 | finanznachrichten.deW&T Offshore, Inc.: W&T Offshore Announces Second Quarter 2023 ResultsAugust 2, 2023 | finance.yahoo.comCompared to Estimates, W&T (WTI) Q2 Earnings: A Look at Key MetricsAugust 1, 2023 | finance.yahoo.comW&T Offshore Announces Second Quarter 2023 ResultsJuly 29, 2023 | finance.yahoo.comTime To Worry? Analysts Are Downgrading Their W&T Offshore, Inc. (NYSE:WTI) OutlookJuly 24, 2023 | finance.yahoo.comW&T Offshore Announces Timing of Second Quarter 2023 Earnings Release and Conference CallJuly 3, 2023 | msn.comW&T Offshore Is Near Long-Term Support And Offers An Option On Both Oil And Natural GasJune 27, 2023 | fool.comW&T Offshore (NYSE: WTI)June 22, 2023 | finanznachrichten.deW&T Offshore, Inc.: W&T Offshore Appoints Sameer Parasnis as Executive Vice President and Chief Financial OfficerJune 22, 2023 | markets.businessinsider.comW&T Offshore Appoints Sameer Parasnis New CFOJune 22, 2023 | finance.yahoo.comW&T Offshore Appoints Sameer Parasnis as Executive Vice President and Chief Financial OfficerJune 13, 2023 | finance.yahoo.comW&T Announces Participation in Water Tower Research Fireside Chat on Thursday, June 15, 2023June 8, 2023 | finance.yahoo.comW&T (WTI) Up 3.1% Since Last Earnings Report: Can It Continue?June 7, 2023 | markets.businessinsider.comStifel Nicolaus Remains a Buy on W&T Offshore (WTI)See More Headlines Receive WTI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for W&T Offshore and its competitors with MarketBeat's FREE daily newsletter. Email Address WTI Company Calendar Last Earnings8/01/2023Today9/27/2023Next Earnings (Estimated)11/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryOil & Gas Exploration & Production SectorOils/Energy Current SymbolNYSE:WTI CUSIP92922P10 CIK1288403 Webwww.wtoffshore.com Phone(713) 626-8525Fax713-626-8527Employees365Year FoundedN/APrice Target and Rating Average Stock Price Forecast$8.30 High Stock Price Forecast$8.30 Low Stock Price Forecast$8.30 Forecasted Upside/Downside+88.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.85 Trailing P/E Ratio5.19 Forward P/E Ratio147.00 P/E GrowthN/ANet Income$231.15 million Net Margins17.37% Pretax Margin22.26% Return on Equity1,591.08% Return on Assets3.79% Debt Debt-to-Equity Ratio15.05 Current Ratio1.22 Quick Ratio1.22 Sales & Book Value Annual Sales$921 million Price / Sales0.70 Cash Flow$3.08 per share Price / Cash Flow1.43 Book Value$0.05 per share Price / Book88.20Miscellaneous Outstanding Shares146,480,000Free Float97,410,000Market Cap$645.98 million OptionableOptionable Beta1.98 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Tracy W. Krohn (Age 68)Founder, Chairman, CEO & Pres Mr. William J. Williford (Age 50)?Exec. VP & COO Comp: $1.26MMr. Jonathan C. Curth (Age 40)Exec. VP, Gen. Counsel & Corp. Sec. Comp: $744.8kMr. Sameer Parasnis (Age 48)Exec. VP & CFO Mr. Bart P. Hartman III (Age 48)Chief Accounting Officer Mr. Alvin T. HaynesVP and Chief Information OfficerMr. W. Allen TateSr. VP of MarketingMs. Kristen EcklundVP of HRMr. Todd E. Grabois (Age 63)VP & Treasurer Al PetrieInvestor Relations CoordinatorMore ExecutivesKey CompetitorsBerryNASDAQ:BRYSandRidge EnergyNYSE:SDVAALCO EnergyNYSE:EGYSilverBow ResourcesNYSE:SBOWRiley Exploration PermianNYSE:REPXView All CompetitorsInstitutional OwnershipAlberta Investment Management CorpBought 38,943 shares on 8/24/2023Ownership: 0.027%Virginia Retirement Systems ET ALBought 95,300 shares on 8/22/2023Ownership: 0.065%GTS Securities LLCBought 22,750 shares on 8/16/2023Ownership: 0.016%Citadel Advisors LLCBought 10,600 shares on 8/15/2023Ownership: 0.000%Walleye Capital LLCBought 5,645 shares on 8/15/2023Ownership: 0.015%View All Institutional Transactions WTI Stock - Frequently Asked Questions Should I buy or sell W&T Offshore stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for W&T Offshore in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WTI shares. View WTI analyst ratings or view top-rated stocks. What is W&T Offshore's stock price forecast for 2023? 1 analysts have issued 12-month price objectives for W&T Offshore's stock. Their WTI share price forecasts range from $8.30 to $8.30. On average, they expect the company's stock price to reach $8.30 in the next year. This suggests a possible upside of 88.2% from the stock's current price. View analysts price targets for WTI or view top-rated stocks among Wall Street analysts. How have WTI shares performed in 2023? W&T Offshore's stock was trading at $5.58 at the beginning of the year. Since then, WTI stock has decreased by 21.0% and is now trading at $4.41. View the best growth stocks for 2023 here. When is W&T Offshore's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023. View our WTI earnings forecast. How were W&T Offshore's earnings last quarter? W&T Offshore, Inc. (NYSE:WTI) released its earnings results on Tuesday, August, 1st. The oil and gas company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.02. The oil and gas company earned $126.20 million during the quarter, compared to the consensus estimate of $123.60 million. W&T Offshore had a trailing twelve-month return on equity of 1,591.08% and a net margin of 17.37%. The business's revenue was down 53.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.32 EPS. What ETFs hold W&T Offshore's stock? ETFs with the largest weight of W&T Offshore (NYSE:WTI) stock in their portfolio include First Trust Natural Gas ETF (FCG).SPDR S&P Oil & Gas Exploration & Production ETF (XOP). What is Tracy W. Krohn's approval rating as W&T Offshore's CEO? 15 employees have rated W&T Offshore Chief Executive Officer Tracy W. Krohn on Glassdoor.com. Tracy W. Krohn has an approval rating of 55% among the company's employees. This puts Tracy W. Krohn in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 52.0% of employees surveyed would recommend working at W&T Offshore to a friend. What other stocks do shareholders of W&T Offshore own? Based on aggregate information from My MarketBeat watchlists, some companies that other W&T Offshore investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Pure Storage (PSTG), Overstock.com (OSTK), Riot Platforms (RIOT), Mastercard (MA), PayPal (PYPL), Enphase Energy (ENPH) and Livongo Health (LVGO). What is W&T Offshore's stock symbol? W&T Offshore trades on the New York Stock Exchange (NYSE) under the ticker symbol "WTI." Who are W&T Offshore's major shareholders? W&T Offshore's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (4.82%), State Street Corp (4.29%), Dimensional Fund Advisors LP (1.73%), Geode Capital Management LLC (1.25%), Renaissance Technologies LLC (0.88%) and Allspring Global Investments Holdings LLC (0.82%). Insiders that own company stock include B Frank Stanley, Shahid Ghauri and Virginia Boulet. View institutional ownership trends. How do I buy shares of W&T Offshore? Shares of WTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is W&T Offshore's stock price today? One share of WTI stock can currently be purchased for approximately $4.41. How much money does W&T Offshore make? W&T Offshore (NYSE:WTI) has a market capitalization of $645.98 million and generates $921 million in revenue each year. The oil and gas company earns $231.15 million in net income (profit) each year or $0.85 on an earnings per share basis. How many employees does W&T Offshore have? The company employs 365 workers across the globe. How can I contact W&T Offshore? W&T Offshore's mailing address is Nine Greenway Plaza Suite 300, Houston TX, 77046. The official website for the company is www.wtoffshore.com. The oil and gas company can be reached via phone at (713) 626-8525, via email at investorrelations@wtoffshore.com, or via fax at 713-626-8527. This page (NYSE:WTI) was last updated on 9/27/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding W&T Offshore, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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