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

-0.01 (-0.39 %)
(As of 08/13/2020 04:00 PM ET)
Today's Range
Now: $2.54
50-Day Range
MA: $2.37
52-Week Range
Now: $2.54
Volume3.21 million shs
Average Volume5.72 million shs
Market Capitalization$359.84 million
P/E Ratio2.49
Dividend YieldN/A
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: 2.0Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.94 out of 5 stars

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production



Sales & Book Value

Annual Sales$534.90 million
Cash Flow$1.78 per share
Book Value($1.77) per share


Net Income$74.09 million


Market Cap$359.84 million
Next Earnings Date11/4/2020 (Estimated)
-0.01 (-0.39 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 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.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of W&T Offshore?

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."
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, November 4th 2020.
View our earnings forecast for W&T Offshore

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

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

What price target have analysts set for WTI?

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

Has W&T Offshore been receiving favorable news coverage?

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

Are investors shorting 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

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 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).

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 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

Which institutional investors are selling W&T Offshore stock?

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

Which institutional investors are buying W&T Offshore stock?

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

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 $2.54.

How big of a company is W&T Offshore?

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.

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 8/14/2020 by MarketBeat.com Staff

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