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Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
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NYSE:WTI

W&T Offshore - WTI Stock Forecast, Price & News

$6.16
+0.53 (+9.41%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$5.71
$6.22
50-Day Range
$3.72
$8.86
52-Week Range
$2.64
$9.01
Volume
5.03 million shs
Average Volume
4.62 million shs
Market Capitalization
$880.95 million
P/E Ratio
6.84
Dividend Yield
N/A
Price Target
$8.40

W&T Offshore MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
36.4% Upside
$8.40 Price Target
Short Interest
Healthy
14.70% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.52mentions of W&T Offshore in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.69%
From $1.23 to $1.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Oils/Energy Sector

115th out of 256 stocks

Crude Petroleum & Natural Gas Industry

51st out of 78 stocks

WTI stock logo

About W&T Offshore (NYSE:WTI) Stock

W&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. As of December 31, 2021, the company had working interests in 43 fields in federal and state waters; and under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf, as well as approximately 187,000 gross acres in the Gulf of Mexico deepwater. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WTI. Stifel Nicolaus lifted their price target on W&T Offshore to $8.40 and gave the company a "buy" rating in a research report on Wednesday, July 27th. StockNews.com raised W&T Offshore from a "hold" rating to a "buy" rating in a report on Tuesday.

W&T Offshore Price Performance

NYSE:WTI opened at $5.63 on Thursday. The stock has a market capitalization of $805.16 million, a PE ratio of -18.16 and a beta of 2.28. The business has a 50 day simple moving average of $5.27 and a two-hundred day simple moving average of $4.99. W&T Offshore has a 1-year low of $2.64 and a 1-year high of $9.01.

W&T Offshore (NYSE:WTI - Get Rating) last issued its quarterly earnings results on Monday, August 8th. The oil and gas company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.95. The firm had revenue of $273.80 million during the quarter, compared to analyst estimates of $228.22 million. W&T Offshore had a negative return on equity of 18.05% and a negative net margin of 6.93%. W&T Offshore's quarterly revenue was up 106.2% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. On average, analysts anticipate that W&T Offshore will post 1.23 EPS for the current fiscal year.

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WTI Stock News Headlines

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StockNews.com Downgrades W&T Offshore (NYSE:WTI) to Hold
W&T Offshore (NYSE:WTI) Shares Down 4.5%
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WTI Company Calendar

Last Earnings
8/08/2022
Today
8/11/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
92922P10
Employees
323
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.40
High Stock Price Forecast
$8.40
Low Stock Price Forecast
$8.40
Forecasted Upside/Downside
+36.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-41,480,000.00
Pretax Margin
21.88%

Debt

Sales & Book Value

Annual Sales
$558.01 million
Cash Flow
$1.20 per share
Book Value
($0.87) per share

Miscellaneous

Free Float
93,816,000
Market Cap
$880.95 million
Optionable
Optionable
Beta
2.28

Key Executives

  • Mr. Tracy W. Krohn (Age 67)
    Founder, Chairman, CEO & Pres
  • Ms. Janet Yang
    Exec. VP & CFO
  • Mr. William J. Williford (Age 49)
    ?Exec. VP & COO
    Comp: $965.75k
  • Mr. Alvin T. Haynes
    VP and Chief Information Officer
  • Brent Collins
    Director of Investor Relations
  • Mr. Jonathan C. Curth (Age 39)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. W. Allen Tate
    VP of Marketing & Midstream
  • Mr. Todd E. Grabois (Age 62)
    VP & Treasurer













WTI Stock - Frequently Asked Questions

Should I buy or sell W&T Offshore stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for W&T Offshore in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 2022?

2 brokers have issued 12 month price targets for W&T Offshore's stock. Their WTI share price forecasts range from $8.40 to $8.40. On average, they expect the company's stock price to reach $8.40 in the next year. This suggests a possible upside of 36.1% 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 2022?

W&T Offshore's stock was trading at $3.23 at the beginning of 2022. Since then, WTI stock has increased by 91.0% and is now trading at $6.17.
View the best growth stocks for 2022 here
.

Are investors shorting W&T Offshore?

W&T Offshore saw a increase in short interest in June. As of June 30th, there was short interest totaling 14,370,000 shares, an increase of 29.3% from the June 15th total of 11,110,000 shares. Based on an average daily trading volume, of 5,050,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 15.5% of the company's shares are sold short.
View W&T Offshore's Short Interest
.

When is W&T Offshore's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our WTI earnings forecast
.

How were W&T Offshore's earnings last quarter?

W&T Offshore, Inc. (NYSE:WTI) announced its earnings results on Monday, August, 8th. The oil and gas company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.95. The oil and gas company had revenue of $273.80 million for the quarter, compared to analyst estimates of $228.22 million. W&T Offshore had a net margin of 17.26% and a negative trailing twelve-month return on equity of 102.77%. The firm's revenue for the quarter was up 106.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 earnings per share.

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 Blockchain (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 a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.21%), Assenagon Asset Management S.A. (0.83%), Los Angeles Capital Management LLC (0.26%), Swiss National Bank (0.16%), Wolverine Asset Management LLC (0.00%) and Connor Clark & Lunn Investment Management Ltd. (0.09%). Insiders that own company stock include B Frank Stanley, David M Bump, Shahid Ghauri, Tracy W Krohn, Virginia Boulet and William J Williford.
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 $6.17.

How much money does W&T Offshore make?

W&T Offshore (NYSE:WTI) has a market capitalization of $883.24 million and generates $558.01 million in revenue each year. The oil and gas company earns $-41,480,000.00 in net income (profit) each year or $0.90 on an earnings per share basis.

How many employees does W&T Offshore have?

The company employs 323 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 8/12/2022 by MarketBeat.com Staff

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