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

Company Overview

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.

Key Stats

• Today's Range: $1.33 to $1.52
• 50-Day Range: $1.37 to $2.46
• 52-Week Range: $1.33 to $3.44
• Volume: 4.23 million shs
• Average Volume: 2.11 million shs
• Market Capitalization: $212.20 million
• P/E Ratio: N/A
• Dividend Yield: 2.78%
• Price Target: $7.80
• Consensus Rating: Buy

W&T Offshore Stock Analysis - MarketRank™

W&T Offshore scored higher than 61% of companies evaluated by MarketBeat, and ranked 152nd out of 270 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

W&T Offshore has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

W&T Offshore has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for W&T Offshore are expected to grow in the coming year, from ($0.49) to ($0.44) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of W&T Offshore is -3.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of W&T Offshore is -3.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

W&T Offshore has a P/B Ratio of 6.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

16.16% of the float of W&T Offshore has been sold short.

Short Interest Ratio / Days to Cover

W&T Offshore has a short interest ratio ("days to cover") of 8.

Change versus previous month

Short interest in W&T Offshore has recently decreased by 8.46%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

W&T Offshore pays a meaningful dividend of 2.55%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

W&T Offshore does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

16.16% of the float of W&T Offshore has been sold short.

Short Interest Ratio / Days to Cover

W&T Offshore has a short interest ratio ("days to cover") of 8.

Change versus previous month

Short interest in W&T Offshore has recently decreased by 8.46%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: N/A

News Sentiment

W&T Offshore has a news sentiment score of 0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.

Search Interest

6 people have searched for WTI on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

6 people have added W&T Offshore to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, W&T Offshore insiders have not sold or bought any company stock.

Percentage Held by Insiders

33.50% of the stock of W&T Offshore is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

42.88% of the stock of W&T Offshore is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

WTI Stock Analysis - Frequently Asked Questions

How have WTI shares performed this year?

W&T Offshore's stock was trading at $3.26 at the beginning of the year. Since then, WTI shares have decreased by 55.8% and is now trading at $1.44.
View the best growth stocks for 2024 here.

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

W&T Offshore, Inc. (NYSE:WTI) announced its quarterly earnings data on Tuesday, March, 5th. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.08. The company's quarterly revenue was down 30.3% compared to the same quarter last year.

Who are W&T Offshore's major shareholders?

W&T Offshore's top institutional investors include State Street Corp (1.74%), Geode Capital Management LLC (1.46%), Charles Schwab Investment Management Inc. (0.28%) and Jane Street Group LLC (0.24%).
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.

What other stocks do shareholders of W&T Offshore own?

Based on aggregate information from My MarketBeat watchlists, some other companies that W&T Offshore investors own include Waste Connections (WCN), AUO (AUOTY), American Water Works (AWK), DiamondRock Hospitality (DRH), The RMR Group (RMR), Voyager Therapeutics (VYGR) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 3/05/2024
• Ex-Dividend for 11/29 Dividend: 11/21/2024
• Dividend Payable: 11/29/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: NYSE:WTI
• CUSIP: 92922P10
• CIK: 1288403
• Web: www.wtoffshore.com
• Phone: (713) 626-8525
• Fax: 713-626-8527
• 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: +441.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.43)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $15.60 million
• Net Margins: -11.95%
• Pretax Margin: -13.11%
• Return on Equity: -775.16%
• Return on Assets: -4.37%

Debt

• Debt-to-Equity Ratio: 75.32
• Current Ratio: 0.98
• Quick Ratio: 0.98

Sales & Book Value

• Annual Sales: $537.26 million
• Price / Sales: 0.39
• Cash Flow: $0.75 per share
• Price / Cash Flow: 1.93
• Book Value: $0.21 per share
• Price / Book: 6.86

Miscellaneous

• Outstanding Shares: 147,358,000
• Free Float: 97,993,000
• Market Cap: $212.20 million
• Optionable: Optionable
• Beta: 1.35