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, topping the consensus estimate of $0.05 by $0.08. The oil and gas company earned $132.20 million during 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 period in the prior year, the business 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, February 26th 2020. View Earnings Estimates for W&T Offshore.

4 brokerages have issued 12 month price targets for W&T Offshore's stock. Their forecasts range from $10.00 to $11.00. On average, they expect W&T Offshore's stock price to reach $10.50 in the next year. This suggests a possible upside of 138.9% 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 headlines about WTI stock have been trending somewhat negative on Monday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. W&T Offshore earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave headlines about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely 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 drop in short interest in December. As of December 31st, there was short interest totalling 10,440,000 shares, a drop of 7.2% from the December 15th total of 11,250,000 shares. Based on an average daily trading volume, of 2,480,000 shares, the days-to-cover ratio is presently 4.2 days. Approximately 11.4% of the company's stock are short sold. 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 Matador Resources (MTDR).

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 institutional and retail investors. Top institutional investors 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 $4.40.

W&T Offshore has a market capitalization of $618.33 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]