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

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

W&T Offshore, Inc. (NYSE:WTI) announced its earnings results on Wednesday, October, 30th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.08. The oil and gas company earned $132.20 million during the quarter, compared to analysts' expectations of $133.52 million. W&T Offshore had a negative return on equity of 29.02% and a net margin of 38.63%. The business's revenue was down 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. View W&T Offshore's Earnings History.

W&T Offshore is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for W&T Offshore.

W&T Offshore will be holding an earnings conference call on Wednesday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

4 analysts have issued 12-month target prices for W&T Offshore's shares. Their forecasts range from $10.00 to $11.00. On average, they expect W&T Offshore's stock price to reach $10.50 in the next twelve months. This suggests a possible upside of 288.9% from the stock's current price. View Analyst Price Targets for 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 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for W&T Offshore.

News stories about WTI stock have been trending negative on Thursday, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. W&T Offshore earned a news sentiment score of -2.0 on InfoTrie's scale. They also gave news stories about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for W&T Offshore.

W&T Offshore saw a decline in short interest in the month of January. As of January 31st, there was short interest totalling 7,820,000 shares, a decline of 25.1% from the January 15th total of 10,440,000 shares. Based on an average daily trading volume, of 2,590,000 shares, the short-interest ratio is presently 3.0 days. Approximately 8.5% of the shares of the company 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), Diamondback Energy (FANG), Apache (APA), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Cabot Oil & Gas (COG), WPX Energy (WPX), Cimarex Energy (XEC), Kosmos Energy (KOS) and EQT (EQT).

Based on aggregate information from My MarketBeat watchlists, some companies that other W&T Offshore investors own include Chesapeake Energy (CHK), Advanced Micro Devices (AMD), Cleveland-Cliffs (CLF), Callon Petroleum (CPE), Range Resources (RRC), Marathon Oil (MRO), Denbury Resources (DNR), General Electric (GE), Kosmos Energy (KOS) and Transocean (RIG).

W&T Offshore's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (7.34%), State Street Corp (3.42%), LSV Asset Management (3.38%), Panagora Asset Management Inc. (1.33%), Foundry Partners LLC (1.24%) and Hotchkis & Wiley Capital Management LLC (1.05%). 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 Bank of New York Mellon Corp, Connor Clark & Lunn Investment Management Ltd., Barclays PLC, California Public Employees Retirement System, MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Credit Suisse AG and First Trust Advisors LP. View Insider Buying and Selling for W&T Offshore.

WTI stock was purchased by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, State Street Corp, Renaissance Technologies LLC, Bank of Montreal Can, Panagora Asset Management Inc., Geode Capital Management LLC, Teacher Retirement System of Texas and Man Group plc. 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 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 $2.70.

W&T Offshore has a market capitalization of $379.86 million and generates $580.71 million in revenue each year. The oil and gas company earns $248.83 million in net income (profit) each year or $1.01 on an earnings per share basis. W&T Offshore employs 282 workers across the globe.View Additional Information About W&T Offshore.

The official website for W&T Offshore is http://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]