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 quarterly earnings results on Wednesday, October, 30th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating the 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 net margin of 38.63% and a negative return on equity of 29.02%. The company's revenue for the quarter was down 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 earnings per share. View W&T Offshore's Earnings History.

W&T Offshore is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for W&T Offshore.

W&T Offshore will be holding an earnings conference call on Wednesday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

4 Wall Street analysts have issued 12 month price objectives for W&T Offshore's shares. Their forecasts range from $10.00 to $11.00. On average, they anticipate W&T Offshore's stock price to reach $10.50 in the next year. This suggests a possible upside of 298.5% 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.

News coverage about WTI stock has been trending very negative on Friday, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. W&T Offshore earned a media sentiment score of -3.5 on InfoTrie's scale. They also gave news articles about the oil and gas company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for W&T Offshore.

W&T Offshore saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 7,820,000 shares, a decrease of 25.1% from the January 15th total of 10,440,000 shares. Based on an average daily volume of 2,590,000 shares, the short-interest ratio is currently 3.0 days. Currently, 8.5% of the shares of the stock 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 many different of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (7.34%), State Street Corp (3.42%), LSV Asset Management (3.38%), Panagora Asset Management Inc. (1.33%), Foundry Partners LLC (1.24%) and Hotchkis & Wiley Capital Management LLC (1.05%). 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 Bank of New York Mellon Corp, Connor Clark & Lunn Investment Management Ltd., Barclays PLC, California Public Employees Retirement System, MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Credit Suisse AG and First Trust Advisors LP. View Insider Buying and Selling for W&T Offshore.

WTI stock was bought by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, State Street Corp, Renaissance Technologies LLC, Bank of Montreal Can, Panagora Asset Management Inc., Geode Capital Management LLC, Teacher Retirement System of Texas and Man Group 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 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 $2.64.

W&T Offshore has a market capitalization of $370.72 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]