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

$2.61
+0.01 (+0.38 %)
(As of 07/16/2020 12:04 PM ET)
Add
Compare
Today's Range
$2.51
Now: $2.61
$2.63
50-Day Range
$2.15
MA: $2.62
$3.77
52-Week Range
$1.07
Now: $2.61
$6.10
Volume1.44 million shs
Average Volume6.44 million shs
Market Capitalization$370.05 million
P/E Ratio1.96
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: 2.0Community Rank: 1.8Dividend Strength: 0.8Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.98 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

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

Profitability

Net Income$74.09 million

Miscellaneous

Employees282
Market Cap$370.05 million
Next Earnings Date7/29/2020 (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 reached pandemic status according to the World Health Organization. Since then, WTI shares have increased by 69.5% and is now trading at $2.61. View which stocks have been most impacted by Coronavirus.

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, July 29th 2020. View our earnings forecast for W&T Offshore.

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

W&T Offshore, Inc. (NYSE:WTI) issued its quarterly earnings results on Monday, June, 22nd. The oil and gas company reported $0.33 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.31. The oil and gas company had revenue of $124.13 million for the quarter, compared to analysts' expectations of $129.93 million. W&T Offshore had a negative return on equity of 33.22% and a net margin of 34.59%. View W&T Offshore's earnings history.

What price target have analysts set for WTI?

3 brokerages have issued 1-year target prices 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 year. This suggests a possible upside of 11.1% from the stock's current price. View analysts' price targets for W&T Offshore.

Has W&T Offshore been receiving favorable news coverage?

Media stories about WTI stock have trended positive on Thursday, according to InfoTrie. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. W&T Offshore earned a news impact score of 2.1 on InfoTrie's scale. They also gave news articles about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect 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 30th, there was short interest totaling 13,790,000 shares, a decrease of 39.0% from the June 15th total of 22,620,000 shares. Based on an average trading volume of 7,660,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 14.8% of the shares of the stock are short sold. 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."

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 $2.61.

How big of a company is W&T Offshore?

W&T Offshore has a market capitalization of $370.05 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 7/16/2020 by MarketBeat.com Staff

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