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

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 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.08. The oil and gas company earned $132.20 million during 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%. W&T Offshore's quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. 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 analysts have issued 12-month price objectives for W&T Offshore's stock. Their forecasts range from $10.00 to $11.00. On average, they expect W&T Offshore's stock price to reach $10.50 in the next year. This suggests a possible upside of 134.4% 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.

Media coverage about WTI stock has been trending somewhat negative recently, InfoTrie reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. W&T Offshore earned a news impact score of -1.7 on InfoTrie's scale. They also assigned media stories about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect 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 presently 4.9 days. Currently, 13.2% of the shares of the stock 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), Devon Energy (DVN), Apache (APA), 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), Cleveland-Cliffs (CLF), Callon Petroleum (CPE), Range Resources (RRC), Micron Technology (MU), Denbury Resources (DNR), Ford Motor (F), General Electric (GE) and Kosmos Energy (KOS).

W&T Offshore's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (2.81%), Foundry Partners LLC (1.14%), Man Group plc (0.91%), California Public Employees Retirement System (0.57%), First Trust Advisors LP (0.38%) and First Quadrant L P CA (0.24%). 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 State Street Corp, First Quadrant L P CA, Squarepoint Ops LLC, Virginia Retirement Systems ET AL, State of Tennessee Treasury Department, Meeder Asset Management Inc. and Sandler Capital Management. View Insider Buying and Selling for W&T Offshore.

WTI stock was purchased by a variety of institutional investors in the last quarter, including Man Group plc, Foundry Partners LLC, Virtu Financial LLC, Russell Investments Group Ltd., Denali Advisors LLC, First Trust Advisors LP, California Public Employees Retirement System and Barclays PLC. 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 $4.48.

W&T Offshore has a market capitalization of $630.29 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]