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NYSE:WTI

W&T Offshore Stock Forecast, Price & News

$3.29
-0.03 (-0.90 %)
(As of 02/26/2021 12:00 AM ET)
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Compare
Today's Range
$3.06
Now: $3.29
$3.34
50-Day Range
$2.28
MA: $2.66
$3.32
52-Week Range
$1.07
Now: $3.29
$3.97
Volume4.03 million shs
Average Volume3.82 million shs
Market Capitalization$466.45 million
P/E Ratio3.23
Dividend YieldN/A
Beta3.16
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. It holds working interests in approximately 51 offshore fields in federal and state waters. The company also owns interests in approximately 146 offshore structures. It has interests in offshore leases covering approximately 550,000 net acres spanning across the Outer Continental Shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama. As of December 31, 2019, its total proved reserves were 157.4 million barrels of oil equivalent. The company was founded in 1983 and is headquartered in Houston, Texas.
W&T Offshore logo

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP92922P10
Phone713-626-8525
Employees291
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$534.90 million
Cash Flow$3.39 per share
Book Value($1.77) per share

Profitability

Net Income$74.09 million

Miscellaneous

Market Cap$466.45 million
Next Earnings Date3/3/2021 (Confirmed)
OptionableOptionable

MarketRank

Overall MarketRank

1.14 out of 5 stars

Oils/Energy Sector

223rd out of 664 stocks

Crude Petroleum & Natural Gas Industry

78th out of 243 stocks

Analyst Opinion: 1.2Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
$3.29
-0.03 (-0.90 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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W&T Offshore (NYSE:WTI) Frequently Asked Questions

Is W&T Offshore a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for W&T Offshore in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" W&T Offshore stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WTI, but not buy additional shares or sell existing shares.
View analyst ratings for W&T Offshore
or view top-rated stocks.

What stocks does MarketBeat like better than W&T Offshore?

Wall Street analysts have given W&T Offshore a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but W&T Offshore wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting W&T Offshore?

W&T Offshore saw a decline in short interest during the month of January. As of January 29th, there was short interest totaling 11,340,000 shares, a decline of 20.9% from the January 14th total of 14,340,000 shares. Based on an average trading volume of 4,620,000 shares, the short-interest ratio is presently 2.5 days. Approximately 12.3% of the shares of the stock are sold short.
View W&T Offshore's Short Interest
.

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

W&T Offshore is scheduled to release its next quarterly earnings announcement on Wednesday, March 3rd 2021.
View our earnings forecast for W&T Offshore
.

How can I listen to W&T Offshore's earnings call?

W&T Offshore will be holding an earnings conference call on Wednesday, March 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

W&T Offshore, Inc. (NYSE:WTI) issued its quarterly earnings results on Wednesday, November, 4th. The oil and gas company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.24) by $0.10. The oil and gas company earned $72.52 million during the quarter, compared to analyst estimates of $68.82 million. W&T Offshore had a negative trailing twelve-month return on equity of 21.21% and a net margin of 31.40%.
View W&T Offshore's earnings history
.

How has W&T Offshore's stock been impacted by Coronavirus (COVID-19)?

W&T Offshore's stock was trading at $1.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WTI stock has increased by 113.6% and is now trading at $3.29.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for WTI?

3 Wall Street analysts have issued 1-year price targets for W&T Offshore's stock. Their forecasts range from $2.00 to $3.80. On average, they expect W&T Offshore's stock price to reach $2.90 in the next twelve months. This suggests that the stock has a possible downside of 11.9%.
View analysts' price targets for W&T Offshore
or view top-rated stocks among Wall Street analysts.

Who are W&T Offshore's key executives?

W&T Offshore's management team includes the following people:
  • Mr. Tracy W. Krohn, Founder, Chairman, CEO & Pres (Age 66)
  • Ms. Janet Yang, Exec. VP & CFO
  • Mr. Stephen L. Schroeder, Sr. VP & CTO (Age 58)
  • Mr. Shahid A. Ghauri, VP, Gen. Counsel & Corp. Sec. (Age 52, Pay $737.74k)
  • Mr. William J. Williford, Exec. VP & GM of Gulf of Mexico (Age 48, Pay $892.49k)
  • Al Petrie, Investor Relations Coordinator
  • Mr. W. Allen Tate, VP of Marketing & Midstream
  • Mr. Todd E. Grabois, VP & Treasurer (Age 61)

What is Tracy W. Krohn's approval rating as W&T Offshore's CEO?

15 employees have rated W&T Offshore CEO Tracy W. Krohn on Glassdoor.com. Tracy W. Krohn has an approval rating of 55% among W&T Offshore'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.

Who are some of W&T Offshore's key competitors?

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.82%), Dimensional Fund Advisors LP (1.94%), Wells Fargo & Company MN (0.98%), JPMorgan Chase & Co. (0.85%), Northern Trust Corp (0.72%) and Charles Schwab Investment Management Inc. (0.43%). Company insiders that own W&T Offshore stock include B Frank Stanley, David M Bump, Shahid Ghauri, Stuart B Katz, Tracy W Krohn, Virginia Boulet and William J Williford.
View institutional ownership trends for W&T Offshore
.

Which institutional investors are selling W&T Offshore stock?

WTI stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, BlackRock Inc., Bank of New York Mellon Corp, Dimensional Fund Advisors LP, GSA Capital Partners LLP, Northern Trust Corp, Credit Suisse AG, and Alliancebernstein L.P..
View insider buying and selling activity for W&T Offshore
or view top insider-selling stocks.

Which institutional investors are buying W&T Offshore stock?

WTI stock was purchased by a variety of institutional investors in the last quarter, including Staley Capital Advisers Inc., Nisa Investment Advisors LLC, Paloma Partners Management Co, Virtu Financial LLC, Jane Street Group LLC, Squarepoint Ops LLC, Junson Asset Management Hong Kong Ltd, 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 activity for W&T Offshore
or or view top insider-buying stocks.

How do I buy shares of 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 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 $3.29.

How much money does W&T Offshore make?

W&T Offshore has a market capitalization of $466.45 million and generates $534.90 million in revenue each year. The oil and gas company earns $74.09 million in net income (profit) each year or $0.60 on an earnings per share basis.

How many employees does W&T Offshore have?

W&T Offshore employs 291 workers across the globe.

What is W&T Offshore's official website?

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

Where are W&T Offshore's headquarters?

W&T Offshore is headquartered at Nine Greenway Plaza Suite 300, Houston TX, 77046.

How can I contact W&T Offshore?

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]


This page was last updated on 2/26/2021 by MarketBeat.com Staff

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