NYSE:WTI

W&T Offshore (WTI) Stock Price, News & Analysis

$2.40
+0.06 (+2.57%)
(As of 05/13/2024 ET)
Today's Range
$2.36
$2.46
50-Day Range
$2.23
$2.85
52-Week Range
$2.19
$4.51
Volume
1.87 million shs
Average Volume
1.77 million shs
Market Capitalization
$351.73 million
P/E Ratio
N/A
Dividend Yield
1.67%
Price Target
$7.80

W&T Offshore MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
225.7% Upside
$7.80 Price Target
Short Interest
Bearish
20.34% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.62mentions of W&T Offshore in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.12) to ($0.06) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.41 out of 5 stars

Oils/Energy Sector

500th out of 730 stocks

Crude Petroleum & Natural Gas Industry

172nd out of 234 stocks

WTI stock logo

About W&T Offshore Stock (NYSE:WTI)

W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.

WTI Stock Price History

WTI Stock News Headlines

Q1 2024 W&T Offshore Inc Earnings Call Transcript
W&T: Q1 Earnings Snapshot
WTI Finds Support After Sell Off Suddenly Halts
W&T Offshore Inc
W&T Announces Addition to its Board of Directors
WTI Apr 2024 5.000 call
WTI Apr 2024 2.500 put
See More Headlines
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Company Calendar

Last Earnings
3/05/2024
Ex-Dividend for 3/25 Dividend
3/15/2024
Dividend Payable
3/25/2024
Today
5/13/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
92922P10
Employees
395
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.80
High Stock Price Target
$7.80
Low Stock Price Target
$7.80
Potential Upside/Downside
+225.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$15.60 million
Pretax Margin
6.37%

Debt

Sales & Book Value

Annual Sales
$532.66 million
Cash Flow
$0.90 per share
Book Value
$0.21 per share

Miscellaneous

Free Float
97,660,000
Market Cap
$351.73 million
Optionable
Optionable
Beta
1.56
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Key Executives

  • Mr. Tracy W. Krohn (Age 69)
    Founder, Chairman, CEO & President
    Comp: $5.31M
  • Mr. William J. Williford (Age 51)
    ?Executive VP & COO
    Comp: $1.26M
  • Mr. Jonathan C. Curth (Age 41)
    Executive VP, General Counsel & Corporate Secretary
    Comp: $744.8k
  • Mr. Sameer Parasnis (Age 49)
    Executive VP & CFO
  • Mr. Bart P. Hartman III (Age 48)
    VP & Chief Accounting Officer
  • Mr. Alvin T. Haynes
    Vice President and Chief Information Officer
  • Mr. W. Allen Tate
    Senior Vice President of Marketing
  • Ms. Kristen Ecklund
    Vice President of Human Resources
  • Mr. Todd E. Grabois (Age 64)
    VP & Treasurer
  • Al Petrie
    Investor Relations Coordinator

WTI Stock Analysis - Frequently Asked Questions

Should I buy or sell W&T Offshore stock right now?

1 Wall Street equities research 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 equities research analysts is that investors should "buy" WTI shares.
View WTI analyst ratings
or view top-rated stocks.

What is W&T Offshore's stock price target for 2024?

1 Wall Street analysts have issued 1-year price targets for W&T Offshore's stock. Their WTI share price targets range from $7.80 to $7.80. On average, they anticipate the company's stock price to reach $7.80 in the next twelve months. This suggests a possible upside of 225.7% from the stock's current price.
View analysts price targets for WTI
or view top-rated stocks among Wall Street analysts.

How have WTI shares performed in 2024?

W&T Offshore's stock was trading at $3.26 at the start of the year. Since then, WTI shares have decreased by 26.5% and is now trading at $2.3950.
View the best growth stocks for 2024 here
.

When is W&T Offshore's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our WTI earnings forecast
.

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

W&T Offshore, Inc. (NYSE:WTI) posted its quarterly earnings results on Tuesday, March, 5th. The oil and gas company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by $0.08. The oil and gas company earned $132.30 million during the quarter, compared to the consensus estimate of $138.23 million. W&T Offshore had a negative trailing twelve-month return on equity of 93.80% and a negative net margin of 4.04%. The business's quarterly revenue was down 30.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share.

How often does W&T Offshore pay dividends? What is the dividend yield for W&T Offshore?

W&T Offshore announced a quarterly dividend on Friday, May 10th. Investors of record on Friday, May 24th will be given a dividend of $0.01 per share on Friday, May 31st. This represents a $0.04 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, May 23rd.
Read our dividend analysis for WTI
.

Is W&T Offshore a good dividend stock?

W&T Offshore (NYSE:WTI) pays an annual dividend of $0.04 per share and currently has a dividend yield of 1.72%.
Read our dividend analysis for WTI.

What ETF holds W&T Offshore's stock?

First Trust Natural Gas ETF holds 577,188 shares of WTI stock, representing 0.31% of its portfolio.

What is Tracy W. Krohn's approval rating as W&T Offshore's CEO?

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.

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 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).

Who are W&T Offshore's major shareholders?

W&T Offshore's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.96%), Russell Investments Group Ltd. (0.77%), GSA Capital Partners LLP (0.42%), Carmel Capital Partners LLC (0.10%), BNP Paribas Financial Markets (0.09%) and Pinnacle Wealth Planning Services Inc. (0.01%). Insiders that own company stock include Shahid Ghauri and Virginia Boulet.
View institutional ownership trends
.

How do I buy shares of W&T Offshore?

Shares of WTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:WTI) was last updated on 5/14/2024 by MarketBeat.com Staff

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