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

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for W&T Offshore in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" WTI shares.
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1 analysts have issued 1-year target prices for W&T Offshore's stock. Their WTI share price forecasts range from $9.10 to $9.10. On average, they predict the company's stock price to reach $9.10 in the next twelve months. This suggests a possible upside of 100.9% from the stock's current price.
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W&T Offshore's stock was trading at $5.58 on January 1st, 2023. Since then, WTI stock has decreased by 18.8% and is now trading at $4.53.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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W&T Offshore, Inc. (NYSE:WTI) posted its earnings results on Tuesday, March, 7th. The oil and gas company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.03 by $0.07. The oil and gas company had revenue of $189.70 million for the quarter, compared to analysts' expectations of $182.38 million. W&T Offshore had a negative trailing twelve-month return on equity of 270.10% and a net margin of 25.10%. W&T Offshore's revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 EPS.

ETFs with the largest weight of W&T Offshore (NYSE:WTI) stock in their portfolio include Invesco Dynamic Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH), First Trust Natural Gas ETF (FCG), Vanguard U.S. Value Factor (VFVA), Vanguard Energy ETF (VDE) and Fidelity MSCI Energy Index ETF (FENY).iShares MSCI Global Energy Producers ETF (FILL).

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 a variety of institutional and retail investors. Top institutional investors include KGH Ltd (3.90%), LSV Asset Management (2.07%), Dimensional Fund Advisors LP (1.82%), Geode Capital Management LLC (1.19%), Bank of Montreal Can (0.93%) and Allspring Global Investments Holdings LLC (0.92%). 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 $4.53.

W&T Offshore (NYSE:WTI) has a market capitalization of $663.46 million and generates $921 million in revenue each year. The oil and gas company earns $231.15 million in net income (profit) each year or $1.59 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.