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

$2.20
-0.01 (-0.45 %)
(As of 07/7/2020 11:31 AM ET)
Add
Compare
Today's Range
$2.13
Now: $2.20
$2.21
50-Day Range
$2.23
MA: $2.69
$3.77
52-Week Range
$1.07
Now: $2.20
$6.10
Volume111,993 shs
Average Volume7.12 million shs
Market Capitalization$311.92 million
P/E Ratio1.68
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: 3.0Community Rank: 1.8Dividend Strength: 0.8Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.18 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$1.65 per share
Book Value($1.77) per share

Profitability

Net Income$74.09 million

Miscellaneous

Employees282
Market Cap$311.92 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WTI stock has increased by 42.9% and is now trading at $2.20. 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) released its earnings results on Monday, June, 22nd. The oil and gas company reported $0.33 EPS for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.31. The oil and gas company earned $124.13 million during the quarter, compared to analysts' expectations of $129.93 million. W&T Offshore had a net margin of 34.59% and a negative return on equity of 33.22%. View W&T Offshore's earnings history.

What price target have analysts set for WTI?

3 analysts have issued twelve-month price objectives for W&T Offshore's stock. Their forecasts range from $2.00 to $3.80. On average, they expect W&T Offshore's stock price to reach $2.90 in the next twelve months. This suggests a possible upside of 31.8% 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 trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. W&T Offshore earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned press coverage about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about W&T Offshore.

Are investors shorting W&T Offshore?

W&T Offshore saw a decline in short interest in June. As of June 30th, there was short interest totaling 13,790,000 shares, a decline 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 short-interest ratio is currently 1.8 days. Approximately 14.8% of the shares of the company 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."

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 $2.20.

How big of a company is W&T Offshore?

W&T Offshore has a market capitalization of $311.92 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 7/7/2020 by MarketBeat.com Staff

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