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

W&T Offshore's stock was trading at $1.54 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WTI shares have increased by 64.9% and is now trading at $2.54.
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3 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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W&T Offshore is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for W&T Offshore.

W&T Offshore, Inc. (NYSE:WTI) announced its earnings results on Wednesday, August, 5th. The oil and gas company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.21) by $0.19. The oil and gas company had revenue of $55.24 million for the quarter, compared to the consensus estimate of $75.04 million. W&T Offshore had a net margin of 31.40% and a negative return on equity of 21.21%.
View W&T Offshore's earnings history.

3 Wall Street analysts have issued 12 month price targets for W&T Offshore's shares. Their forecasts range from $2.00 to $3.80. On average, they anticipate W&T Offshore's share price to reach $2.90 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price.
View analysts' price targets for W&T Offshore.

News headlines about WTI stock have been trending negative on Friday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. W&T Offshore earned a coverage optimism score of -2.4 on InfoTrie's scale. They also assigned media 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 impact on the stock's share price in the immediate future.
View the latest news about W&T Offshore.

W&T Offshore saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 13,790,000 shares, a decrease of 39.0% from the May 31st total of 22,620,000 shares. Based on an average daily volume of 7,660,000 shares, the short-interest ratio is presently 1.8 days. Currently, 14.8% of the shares of the stock are short sold.
View W&T Offshore's Short Interest.

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), Apache (APA), Noble Energy (NBL), Devon Energy (DVN), Marathon Oil (MRO), EQT (EQT), Callon Petroleum (CPE), WPX Energy (WPX) and Cimarex Energy (XEC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other W&T Offshore investors own include Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), NVIDIA (NVDA), Advanced Micro Devices (AMD), Pure Storage (PSTG), Mastercard (MA), Overstock.com (OSTK), QUALCOMM (QCOM), Verizon Communications (VZ) and Boeing (BA).

W&T Offshore trades on the New York Stock Exchange (NYSE) under the ticker symbol "WTI."

W&T Offshore's stock is owned by many different institutional and retail investors. Top institutional shareholders include LSV Asset Management (2.65%), Goldman Sachs Group Inc. (1.04%), Bank of New York Mellon Corp (0.52%), Grantham Mayo Van Otterloo & Co. LLC (0.40%), First Trust Advisors LP (0.34%) and Denali Advisors LLC (0.22%). 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 LSV Asset Management, UBS Group AG, Bank of New York Mellon Corp, First Trust Advisors LP, CoreCommodity Management LLC, and Hancock Whitney Corp.
View insider buying and selling activity for W&T Offshore.

WTI stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Grantham Mayo Van Otterloo & Co. LLC, Assenagon Asset Management S.A., Athanor Capital LP, Virtu Financial LLC, Russell Investments Group Ltd., Denali Advisors LLC, and Algert Global 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 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 $2.54.

W&T Offshore has a market capitalization of $359.84 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]