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

W&T Offshore's stock was trading at $1.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WTI stock has increased by 85.1% and is now trading at $2.85. View which stocks have been most impacted by Coronavirus.

4 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for W&T Offshore.

W&T Offshore is scheduled to release its next quarterly earnings announcement on Wednesday, June 3rd 2020. View our earnings forecast for W&T Offshore.

W&T Offshore, Inc. (NYSE:WTI) posted its quarterly earnings results on Wednesday, March, 4th. The oil and gas company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.02 by $0.05. The oil and gas company earned $151.89 million during the quarter, compared to analyst estimates of $151.08 million. W&T Offshore had a negative return on equity of 28.29% and a net margin of 13.85%. View W&T Offshore's earnings history.

4 equities research analysts have issued 12-month price objectives for W&T Offshore's shares. Their forecasts range from $2.00 to $3.80. On average, they expect W&T Offshore's share price to reach $2.90 in the next twelve months. This suggests a possible upside of 1.8% from the stock's current price. View analysts' price targets for W&T Offshore.

News headlines about WTI stock have been trending very negative this week, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by analyzing 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 nearest to five being the most favorable. W&T Offshore earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned news coverage 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 impact on the stock's share price in the near term. View the latest news aboutW&T Offshore.

W&T Offshore saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 16,140,000 shares, an increase of 13.3% from the April 30th total of 14,240,000 shares. Based on an average daily volume of 6,930,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 17.3% of the company's 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), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Devon Energy (DVN), Marathon Oil (MRO), Noble Energy (NBL), Apache (APA), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC) and Southwestern Energy (SWN). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other W&T Offshore investors own include Advanced Micro Devices (AMD), Chesapeake Energy (CHK), Ring Energy (REI), Ring Energy (REI), Cleveland-Cliffs (CLF), NVIDIA (NVDA), Alibaba Group (BABA), Callon Petroleum (CPE), Range Resources (RRC) and Southwest Airlines (LUV).

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.96%), State Street Corp (4.23%), JPMorgan Chase & Co. (2.12%), Foundry Partners LLC (1.33%), Wells Fargo & Company MN (1.04%) and Geode Capital Management LLC (1.00%). 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 JPMorgan Chase & Co., Grantham Mayo Van Otterloo & Co. LLC, Two Sigma Investments LP, Deutsche Bank AG, Alliancebernstein L.P., Nuveen Asset Management LLC, Morgan Stanley, and Quantitative Investment Management LLC. View insider buying and selling activity for W&T Offshore.

WTI stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Staley Capital Advisers Inc., Wells Fargo & Company MN, Parametric Portfolio Associates LLC, Balyasny Asset Management LLC, Two Sigma Advisers LP, Foundry Partners LLC, and Los Angeles Capital Management & Equity Research Inc.. 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 $2.85.

W&T Offshore has a market capitalization of $403.76 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]