In yesterday’s Wall Street session, W & T Offshore Inc (NYSE:WTI) shares traded at $3.17, down -2.76% from the previous session.
2 analysts cover W & T Offshore Inc (NYSE:WTI), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $11.50 and a low of $7.60, we find $9.55. Given the previous closing price of $3.26, this indicates a potential upside of 192.94 percent. WTI stock price is now -18.20% away from the 50-day moving average and -25.85% away from the 200-day moving average. The market capitalization of the company currently stands at $464.63M.
The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $9.55 as their price target over the next twelve months.
Insiders disposed of 101,614 shares of company stock worth roughly $0.32 million over the past 1 year. A total of 33.79% of the company’s stock is owned by insiders.
During the past 12 months, W & T Offshore Inc has had a low of $3.13 and a high of $6.68. As of last week, the company has a debt-to-equity ratio of 13.66, a current ratio of 1.15, and a quick ratio of 1.15. The fifty day moving average price for WTI is $3.8510 and a two-hundred day moving average price translates $4.2643 for the stock.
The latest earnings results from W & T Offshore Inc (NYSE: WTI) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.01, missing analysts’ expectations of $0.05 by -0.04. This compares to $0.46 EPS in the same period last year. The company reported revenue of $142.41 million for the quarter, compared to $266.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -46.56 percent. For the current quarter, analysts expect WTI to generate $148.66M in revenue.
W & T Offshore Inc(WTI) Company Profile
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, natural gas liquids, and natural gas. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.
