NYSE:WTIW&T Offshore Stock Price, Forecast & News

W&T Offshore's stock was trading at $1.54 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WTI stock has increased by 64.3% and is now trading at $2.53.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for W&T Offshore in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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W&T Offshore is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for W&T Offshore.

W&T Offshore, Inc. (NYSE:WTI) announced its quarterly earnings data on Wednesday, August, 5th. The oil and gas company reported ($0.02) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.21) by $0.19. The oil and gas company had revenue of $55.24 million for the quarter, compared to the consensus estimate of $75.04 million. W&T Offshore had a negative return on equity of 21.21% and a net margin of 31.40%.
View W&T Offshore's earnings history.

3 brokerages have issued 12-month 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 a possible upside of 14.6% from the stock's current price.
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News headlines about WTI stock have been trending somewhat negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. W&T Offshore earned a news impact score of -1.9 on InfoTrie's scale. They also assigned media stories about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about W&T Offshore.

Some companies that are related to W&T Offshore include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Apache (APA), Noble Energy (NBL), Devon Energy (DVN), Marathon Oil (MRO), EQT (EQT), Callon Petroleum (CPE), WPX Energy (WPX) and Cimarex Energy (XEC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other W&T Offshore investors own include Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), NVIDIA (NVDA), Advanced Micro Devices (AMD), Pure Storage (PSTG), Mastercard (MA), Overstock.com (OSTK), QUALCOMM (QCOM), Verizon Communications (VZ) and Boeing (BA).

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 retail and institutional investors. Top institutional shareholders include LSV Asset Management (2.65%), First Trust Advisors LP (0.34%), Denali Advisors LLC (0.22%), Assenagon Asset Management S.A. (0.19%), Swiss National Bank (0.16%) and Russell Investments Group Ltd. (0.10%). 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.

WTI stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, UBS Group AG, First Trust Advisors LP, and Hancock Whitney Corp.
View insider buying and selling activity for W&T Offshore.

WTI stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Virtu Financial LLC, Russell Investments Group Ltd., Denali Advisors LLC, Swiss National Bank, Creative Planning, Wambolt & Associates LLC, and SG Americas Securities LLC. 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.

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 $2.53.

W&T Offshore has a market capitalization of $358.70 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. W&T Offshore employs 282 workers across the globe.

The official website for W&T Offshore is 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]