W&T Offshore Stock Price, Forecast & Analysis (NYSE:WTI)

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

W&T Offshore, Inc. (NYSE:WTI) released its earnings results on Wednesday, October, 30th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. The oil and gas company had revenue of $132.20 million for the quarter, compared to the consensus estimate of $133.52 million. W&T Offshore had a negative return on equity of 29.02% and a net margin of 38.63%. The firm's revenue was down 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. View W&T Offshore's Earnings History.

W&T Offshore is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for W&T Offshore.

4 Wall Street analysts have issued 1-year price objectives for W&T Offshore's shares. Their forecasts range from $10.00 to $11.00. On average, they anticipate W&T Offshore's share price to reach $10.50 in the next twelve months. This suggests a possible upside of 160.5% from the stock's current price. View Analyst Price Targets for W&T Offshore.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for W&T Offshore in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for W&T Offshore.

News coverage about WTI stock has trended negative recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. W&T Offshore earned a news sentiment score of -2.0 on InfoTrie's scale. They also assigned media headlines about the oil and gas company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for W&T Offshore.

W&T Offshore saw a increase in short interest in October. As of October 15th, there was short interest totalling 12,200,000 shares, an increase of 16.9% from the September 15th total of 10,440,000 shares. Based on an average trading volume of 2,490,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 13.2% of the company's shares are sold short. View W&T Offshore's Current Options Chain.

Some companies that are related to W&T Offshore include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Apache (APA), Devon Energy (DVN), Cabot Oil & Gas (COG), Cimarex Energy (XEC), WPX Energy (WPX), Kosmos Energy (KOS) and EQT (EQT).

Based on aggregate information from My MarketBeat watchlists, some companies that other W&T Offshore investors own include Advanced Micro Devices (AMD), Chesapeake Energy (CHK), Callon Petroleum (CPE), Range Resources (RRC), Micron Technology (MU), Cleveland-Cliffs (CLF), General Electric (GE), Coeur Mining (CDE), JetBlue Airways (JBLU) and Netflix (NFLX).

W&T Offshore's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Foundry Partners LLC (1.14%), California Public Employees Retirement System (0.57%), First Trust Advisors LP (0.38%), First Quadrant L P CA (0.24%), James Investment Research Inc. (0.13%) and Russell Investments Group Ltd. (0.13%). Company insiders that own W&T Offshore stock include B Frank Stanley, David M Bump, John D Gibbons, Shahid Ghauri, Stephen L Schroeder, Stuart B Katz, Tracy W Krohn, Virginia Boulet and William J Williford. View Institutional Ownership Trends for W&T Offshore.

WTI stock was sold by a variety of institutional investors in the last quarter, including First Quadrant L P CA, Virginia Retirement Systems ET AL, State of Tennessee Treasury Department and Meeder Asset Management Inc.. View Insider Buying and Selling for W&T Offshore.

WTI stock was acquired by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Russell Investments Group Ltd., Denali Advisors LLC, First Trust Advisors LP, California Public Employees Retirement System, SG Americas Securities LLC, Rhumbline Advisers and Tower Research Capital LLC TRC . Company insiders that have bought W&T Offshore stock in the last two years include B Frank Stanley, Shahid Ghauri, Stuart B Katz, Tracy W Krohn, Virginia Boulet and William J Williford. View Insider Buying and Selling for W&T Offshore.

Shares of WTI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of WTI stock can currently be purchased for approximately $4.03.

W&T Offshore has a market capitalization of $566.98 million and generates $580.71 million in revenue each year. The oil and gas company earns $248.83 million in net income (profit) each year or $1.01 on an earnings per share basis. W&T Offshore employs 282 workers across the globe.View Additional Information About W&T Offshore.

The official website for W&T Offshore is http://www.wtoffshore.com/.

W&T Offshore's mailing address is Nine Greenway Plaza Suite 300, Houston TX, 77046. The oil and gas company can be reached via phone at 713-626-8525 or via email at [email protected]