W&T Offshore (WTI) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for W&T Offshore in the last twelve months. There are currently 1 buy rating 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.

1 brokers have issued twelve-month price objectives for W&T Offshore's shares. Their WTI share price forecasts range from $8.30 to $8.30. On average, they predict the company's stock price to reach $8.30 in the next twelve months. This suggests a possible upside of 99.0% from the stock's current price.
View analysts price targets for WTI or view top-rated stocks among Wall Street analysts.

W&T Offshore's stock was trading at $5.58 at the beginning of 2023. Since then, WTI shares have decreased by 25.3% and is now trading at $4.17.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our WTI earnings forecast.

W&T Offshore, Inc. (NYSE:WTI) announced its quarterly 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 net margin of 17.37% and a trailing twelve-month return on equity of 1,591.08%. W&T Offshore's quarterly revenue was down 53.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.32 earnings per share.

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).

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.

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).

W&T Offshore trades on the New York Stock Exchange (NYSE) under the ticker symbol "WTI."

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.
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One share of WTI stock can currently be purchased for approximately $4.17.

W&T Offshore (NYSE:WTI) has a market capitalization of $610.82 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.

The company employs 365 workers across the globe.

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.