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

$2.85
+0.24 (+9.20 %)
(As of 06/1/2020 04:00 PM ET)
Add
Compare
Today's Range
$2.60
Now: $2.85
$2.88
50-Day Range
$1.95
MA: $2.50
$2.79
52-Week Range
$1.07
Now: $2.85
$6.10
Volume11.02 million shs
Average Volume5.75 million shs
Market Capitalization$403.76 million
P/E Ratio5.59
Dividend YieldN/A
Beta3.22
W&T Offshore, Inc., an independent oil and natural gas producer, acquires, explores for, and develops oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interests in approximately 49 offshore fields in federal and state waters. The company also owns interests in approximately 135 offshore structures. It has interests in offshore leases covering approximately 370,000 net acres spanning across the Outer Continental Shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama. As of December 31, 2017, its total proved reserves were 74.2 million barrels of oil equivalent. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.
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W&T Offshore logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 1.8Dividend Strength: 0.8Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.80 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP92922P10
Phone713-626-8525

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$534.90 million
Cash Flow$1.86 per share
Book Value($1.77) per share

Profitability

Net Income$74.09 million

Miscellaneous

Employees282
Market Cap$403.76 million
Next Earnings Date6/3/2020 (Estimated)
OptionableOptionable

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W&T Offshore (NYSE:WTI) Frequently Asked Questions

How has W&T Offshore's stock been impacted by COVID-19 (Coronavirus)?

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.

Do Wall Street analysts recommend investors buy shares of 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 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.

When is W&T Offshore's next earnings date?

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.

How were W&T Offshore's earnings last quarter?

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.

What price target have analysts set for WTI?

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.

Has W&T Offshore been receiving favorable news coverage?

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.

Are investors shorting W&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.

Who are some of W&T Offshore's key competitors?

What other stocks do shareholders of W&T Offshore own?

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).

Who are W&T Offshore's key executives?

W&T Offshore's management team includes the following people:
  • Mr. Tracy W. Krohn, Founder, Chairman, CEO & Pres (Age 64)
  • Mr. Stephen L. Schroeder, Sr. VP & CTO (Age 56)
  • Mr. Shahid A. Ghauri, VP, Gen. Counsel & Corp. Sec. (Age 50)
  • Ms. Janet Yang, Exec. VP & CFO
  • Al Petrie, Investor Relations Coordinator

What is W&T Offshore's stock symbol?

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

Who are W&T Offshore's major shareholders?

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.

Which institutional investors are selling W&T Offshore stock?

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.

Which institutional investors are buying W&T Offshore stock?

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.

How do I buy shares of 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.

What is W&T Offshore's stock price today?

One share of WTI stock can currently be purchased for approximately $2.85.

How big of a company is W&T Offshore?

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.

What is W&T Offshore's official website?

The official website for W&T Offshore is www.wtoffshore.com.

How can I contact W&T Offshore?

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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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