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NYSE:WTI

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

$4.39
+0.23 (+5.52%)
(As of 09/27/2023 ET)
Compare
Today's Range
$4.23
$4.46
50-Day Range
$3.90
$4.41
52-Week Range
$3.62
$9.16
Volume
2.69 million shs
Average Volume
2.42 million shs
Market Capitalization
$643.78 million
P/E Ratio
5.17
Dividend Yield
N/A
Price Target
$8.30

W&T Offshore MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
88.9% Upside
$8.30 Price Target
Short Interest
Bearish
15.29% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.11mentions of W&T Offshore in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1,166.67%
From $0.03 to $0.38 Per Share

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 stars

Oils/Energy Sector

96th out of 246 stocks

Crude Petroleum & Natural Gas Industry

46th out of 81 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. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.

WTI Price History

WTI Stock News Headlines

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.
W&T Offshore Announces Management Promotion
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.
Q2 2023 W&T Offshore Inc Earnings Call
W&T Offshore Announces Second Quarter 2023 Results
W&T Offshore (NYSE: WTI)
W&T Offshore Appoints Sameer Parasnis New CFO
Stifel Nicolaus Remains a Buy on W&T Offshore (WTI)
See More Headlines
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WTI Company Calendar

Last Earnings
8/01/2023
Today
9/27/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
92922P10
Employees
365
Year Founded
N/A

Price 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 Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$231.15 million
Pretax Margin
22.26%

Debt

Sales & Book Value

Annual Sales
$921 million
Cash Flow
$3.08 per share
Book Value
$0.05 per share

Miscellaneous

Free Float
97,410,000
Market Cap
$645.98 million
Optionable
Optionable
Beta
1.98
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Key Executives

  • Mr. Tracy W. Krohn (Age 68)
    Founder, Chairman, CEO & Pres
  • Mr. William J. Williford (Age 50)
    ?Exec. VP & COO
    Comp: $1.26M
  • Mr. Jonathan C. Curth (Age 40)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $744.8k
  • Mr. Sameer Parasnis (Age 48)
    Exec. VP & CFO
  • Mr. Bart P. Hartman III (Age 48)
    Chief Accounting Officer
  • Mr. Alvin T. Haynes
    VP and Chief Information Officer
  • Mr. W. Allen Tate
    Sr. VP of Marketing
  • Ms. Kristen Ecklund
    VP of HR
  • Mr. Todd E. Grabois (Age 63)
    VP & Treasurer
  • Al Petrie
    Investor Relations Coordinator













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

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