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) announced its earnings results on Wednesday, October, 30th. The oil and gas company reported $0.13 EPS for the quarter, topping the Thomson Reuters' 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 business's quarterly revenue was down 13.9% compared to the same quarter last year. During the same period in the previous year, the business 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 brokerages have issued 12 month target prices for W&T Offshore's stock. 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 year. This suggests a possible upside of 103.1% 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.

Headlines about WTI stock have trended extremely negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. W&T Offshore earned a coverage optimism score of -5.0 on InfoTrie's scale. They also gave news 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 impact on the company's share price in the near future. View News Stories for W&T Offshore.

W&T Offshore saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 10,440,000 shares, a decrease of 7.2% from the December 15th total of 11,250,000 shares. Based on an average trading volume of 2,480,000 shares, the days-to-cover ratio is presently 4.2 days. Approximately 11.4% 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), Apache (APA), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Cabot Oil & Gas (COG), WPX Energy (WPX), Cimarex Energy (XEC), Kosmos Energy (KOS) and EQT (EQT).

Based on aggregate information from My MarketBeat watchlists, some companies that other W&T Offshore investors own include Chesapeake Energy (CHK), Advanced Micro Devices (AMD), Cleveland-Cliffs (CLF), Callon Petroleum (CPE), Range Resources (RRC), Marathon Oil (MRO), Denbury Resources (DNR), General Electric (GE), Kosmos Energy (KOS) and Transocean (RIG).

W&T Offshore's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Nisa Investment Advisors LLC (0.01%). 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 acquired by a variety of institutional investors in the last quarter, including Nisa Investment Advisors 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 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 $5.17.

W&T Offshore has a market capitalization of $727.37 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]