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

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for W&T Offshore in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WTI shares.
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2 Wall Street analysts have issued 1 year price targets for W&T Offshore's shares. Their WTI share price forecasts range from $9.10 to $9.10. On average, they anticipate the company's share price to reach $9.10 in the next twelve months. This suggests a possible upside of 57.7% from the stock's current price.
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W&T Offshore's stock was trading at $5.58 at the beginning of the year. Since then, WTI shares have increased by 3.4% and is now trading at $5.77.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 14th 2023.
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W&T Offshore, Inc. (NYSE:WTI) announced its earnings results on Tuesday, August, 3rd. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.07. The oil and gas company had revenue of $132.83 million for the quarter, compared to the consensus estimate of $122.04 million. W&T Offshore had a net margin of 26.38% and a negative trailing twelve-month return on equity of 168.03%.

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."

W&T Offshore's stock is owned by many different institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.93%), Allspring Global Investments Holdings LLC (0.92%), Fisher Asset Management LLC (0.40%), New York State Common Retirement Fund (0.13%), Wolverine Asset Management LLC (0.00%) and Versor Investments LP (0.04%). Insiders that own company stock include B Frank Stanley, Shahid Ghauri, Tracy W Krohn and Virginia Boulet.
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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 $5.77.

W&T Offshore (NYSE:WTI) has a market capitalization of $826.03 million and generates $558.01 million in revenue each year. The oil and gas company earns $-41,480,000.00 in net income (profit) each year or $1.63 on an earnings per share basis.

The company employs 323 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.