W&T Offshore, Inc. (WTI)

NYSE: WTI · Real-Time Price · USD
1.440
+0.070 (5.11%)
At close: Dec 20, 2024, 4:00 PM
1.510
+0.070 (4.86%)
After-hours: Dec 20, 2024, 7:57 PM EST
5.11%
Market Cap 212.19M
Revenue (ttm) 537.26M
Net Income (ttm) -64.23M
Shares Out 147.36M
EPS (ttm) -0.44
PE Ratio n/a
Forward PE n/a
Dividend $0.04 (2.78%)
Ex-Dividend Date Nov 21, 2024
Volume 4,104,786
Open 1.360
Previous Close 1.370
Day's Range 1.330 - 1.515
52-Week Range 1.330 - 3.440
Beta 1.32
Analysts Strong Buy
Price Target 7.80 (+441.67%)
Earnings Date Nov 7, 2024

About 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. [Read more]

Sector Energy
IPO Date Jan 28, 2005
Employees 395
Stock Exchange NYSE
Ticker Symbol WTI
Full Company Profile

Financial Performance

In 2023, W&T Offshore's revenue was $532.66 million, a decrease of -42.17% compared to the previous year's $921.00 million. Earnings were $15.60 million, a decrease of -93.25%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for WTI stock is "Strong Buy" and the 12-month stock price forecast is $7.8.

Price Target
$7.8
(441.67% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

W&T: M&A Activities And Drilling Efficiency Improvements Could Enhance The Total Valuation

W&T Offshore's significant debt reduction and positive cash flow make it an appealing investment, with potential for inorganic growth through acquisitions in the Gulf of Mexico. Efficiency improvement...

7 days ago - Seeking Alpha

Texas Oil Company Asks Federal Court to Stop Insurance Companies' $250 Million Demand for Additional Collateral

HOUSTON--(BUSINESS WIRE)--An independent Texas oil and gas producer is striking back against a group of insurance companies, which collectively are seeking $250 million in collateral beyond what the o...

9 days ago - Business Wire

W&T Offshore: Unlocking Value From Deleveraging

The previous decade was tough for W&T Offshore, as they battled to deleverage whilst enduring oil price booms and busts. Thankfully there is a light at the end of the proverbial tunnel once their seni...

5 weeks ago - Seeking Alpha

W&T Offshore, Inc. (WTI) Q3 2024 Earnings Call Transcript

W&T Offshore, Inc. (NYSE:WTI) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Al Petrie - Investor Relations Coordinator Tracy Krohn - Chairman & CEO Conference Cal...

6 weeks ago - Seeking Alpha

W&T Offshore Announces Third Quarter 2024 Results and Declares Dividend for Fourth Quarter of 2024

HOUSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T,” the “Company” or “us”) today reported operational and financial results for the third quarter of 2024 and declared a f...

6 weeks ago - GlobeNewsWire

W&T Offshore Announces Timing of Third Quarter 2024 Earnings Release and Conference Call

HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (the “Company”) today announced the timing of its third quarter 2024 earnings release and conference call.

7 weeks ago - GlobeNewsWire

W&T Offshore Issues 2023 Corporate Sustainabilty Report

HOUSTON, Sept. 19, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (the “Company” or “W&T”) today announced that the Company has issued its 2023 Corporate Environmental, Social, and Governance...

3 months ago - GlobeNewsWire

W&T Offshore Announces Appointment of General Counsel

HOUSTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced the appointment of George J. Hittner as Executive Vice President, General Counsel an...

3 months ago - GlobeNewsWire

W&T Offshore Announces Participation in EnerCom Denver Conference

HOUSTON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (the “Company”) (NYSE: WTI) today announced its participation in the EnerCom Denver Conference to be held in Denver, Colorado where Tracy ...

4 months ago - GlobeNewsWire

W&T Offshore, Inc. (WTI) Q2 2024 Earnings Call Transcript

W&T Offshore, Inc. (NYSE:WTI) Q2 2024 Earnings Conference Call August 25, 2024 10:00 AM ET Company Participants Al Petrie - Investor Relations Coordinator Tracy Krohn - Chairman and CEO William Willi...

4 months ago - Seeking Alpha

W&T Offshore Announces Second Quarter 2024 Results and Declares Dividend for Third Quarter of 2024

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the second quarter of 2024 and declared a third ...

4 months ago - GlobeNewsWire

W&T Offshore Announces Timing of Second Quarter 2024 Earnings Release and Conference Call

HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (the “Company”) today announced the timing of its second quarter 2024 earnings release and conference call.

5 months ago - GlobeNewsWire

W&T Offshore: The $1 Handle Is A Good Entry Zone But Capital Outflow Risks Remain

W&T briefly fell below $2 on Friday, its lowest level since November 2020. The oil prices and the company's fundamentals are significantly better now compared to the pandemic period. The selloff appea...

6 months ago - Seeking Alpha

W&T Offshore Announces First Quarter 2024 Results and Declares Dividend for Second Quarter of 2024

HOUSTON, May 10, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the first quarter of 2024 and declared second qua...

8 months ago - GlobeNewsWire

W&T Announces Addition to its Board of Directors

HOUSTON, April 11, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that its Board of Directors (the "Board") voted to expand the size of the Board to s...

9 months ago - GlobeNewsWire

W&T Announces Participation in Water Tower Research Fireside Chat on March 27, 2024

HOUSTON, March 26, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced its participation in a virtual investor event hosted by Water Tower Research (“WTR”)...

9 months ago - GlobeNewsWire

W&T Offshore Announces Liquidity-Enhancing Modifications to the Non-Recourse Term Loan with Munich Re

HOUSTON, March 18, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced modifications to the first-lien non-recourse term loan (the “Term Loan”) between its...

9 months ago - GlobeNewsWire

W&T Offshore Announces Participation in 36th Annual Roth Conference

HOUSTON, March 11, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (“W&T” or the “Company”) (NYSE: WTI) today announced that the Company is scheduled to participate in the 36th Annual Roth Conference to b...

10 months ago - GlobeNewsWire

W&T Offshore, Inc. (WTI) Q4 2023 Earnings Call Transcript

W&T Offshore, Inc. (WTI) Q4 2023 Earnings Call Transcript

10 months ago - Seeking Alpha

W&T Offshore Announces Fourth Quarter and Full Year 2023 Results Including Year-End 2023 Proved Reserves, Provides Guidance for 2024, and Declares Dividend for First Quarter of 2024

HOUSTON, March 05, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the fourth quarter and full year 2023, includin...

10 months ago - GlobeNewsWire

W&T Offshore Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call as well as Posting of Interview with Chairman and CEO Tracy Krohn on Website

HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (“W&T” or the “Company”) (NYSE: WTI) today announced the timing of its fourth quarter and full year 2023 earnings release and conference c...

11 months ago - GlobeNewsWire

W&T Offshore Announces Closing of Accretive Acquisition of Six Gulf of Mexico Fields

HOUSTON, Jan. 22, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (the “Company” or “W&T”) today announced that the Company has completed the accretive acquisition of six fields in shallow wat...

11 months ago - GlobeNewsWire

Top 5 Energy Stocks That Could Blast Off This Quarter - DMC Glb (NASDAQ:BOOM), Kimbell Royalty Partners (NYSE:KRP)

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Other symbols: BOOMKRPRESRNGR
1 year ago - Benzinga

W&T Offshore, Inc. (WTI) Q3 2023 Earnings Call Transcript

W&T Offshore, Inc. (NYSE:WTI) Q3 2023 Earnings Conference Call November 8, 2023 10:00 AM ET Company Participants Al Petrie - Investor Relations Coordinator Tracy Krohn - Chairman and Chief Executive ...

1 year ago - Seeking Alpha

W&T Offshore Announces Implementation of Quarterly Cash Dividend

HOUSTON, Nov. 08, 2023 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that its Board of Directors has approved the implementation of a quarterly cash divid...

1 year ago - GlobeNewsWire