W&T Offshore - WTI Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for W&T Offshore in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" WTI shares.
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1 equities research analysts have issued 12 month target prices for W&T Offshore's shares. Their WTI share price forecasts range from $9.10 to $9.10. On average, they expect the company's stock price to reach $9.10 in the next year. This suggests a possible upside of 81.6% from the stock's current price.
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W&T Offshore's stock was trading at $5.58 on January 1st, 2023. Since then, WTI shares have decreased by 10.2% and is now trading at $5.01.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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W&T Offshore, Inc. (NYSE:WTI) announced its earnings results on Tuesday, March, 7th. The oil and gas company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.07. The oil and gas company had revenue of $189.70 million for the quarter, compared to analyst estimates of $182.38 million. W&T Offshore had a negative trailing twelve-month return on equity of 270.10% and a net margin of 25.10%. The company's revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share.

ETFs with the largest weight of W&T Offshore (NYSE:WTI) stock in their portfolio include SPDR S&P Oil & Gas Exploration & Production ETF (XOP), First Trust Natural Gas ETF (FCG), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), Vanguard US Multifactor ETF (VFMF), Vanguard U.S. Value Factor (VFVA), Vanguard U.S. Momentum Factor ETF (VFMO), Vanguard Energy ETF (VDE) and Fidelity MSCI Energy Index ETF (FENY).

15 employees have rated W&T Offshore Chief Executive Officer Tracy W. Krohn on Glassdoor.com. Tracy W. Krohn has an approval rating of 55% among the company's employees. This puts Tracy W. Krohn in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 52.0% of employees surveyed would recommend working at W&T Offshore to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other W&T Offshore investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Pure Storage (PSTG), Overstock.com (OSTK), Riot Platforms (RIOT), Mastercard (MA), PayPal (PYPL), Enphase Energy (ENPH) and Livongo Health (LVGO).

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 retail and institutional investors. Top institutional shareholders include KGH Ltd (3.90%), LSV Asset Management (2.07%), Dimensional Fund Advisors LP (1.82%), Geode Capital Management LLC (1.19%), Bank of Montreal Can (0.93%) and Allspring Global Investments Holdings LLC (0.92%). Insiders that own company stock include B Frank Stanley, Shahid Ghauri, Tracy W Krohn and Virginia Boulet.
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Shares of WTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WTI stock can currently be purchased for approximately $5.01.

W&T Offshore (NYSE:WTI) has a market capitalization of $733.76 million and generates $921 million in revenue each year. The oil and gas company earns $231.15 million in net income (profit) each year or $1.59 on an earnings per share basis.

The company employs 323 workers across the globe.

W&T Offshore's mailing address is Nine Greenway Plaza Suite 300, Houston TX, 77046. The official website for the company is www.wtoffshore.com. The oil and gas company can be reached via phone at (713) 626-8525, via email at investorrelations@wtoffshore.com, or via fax at 713-626-8527.