W&T Offshore, Inc. (WTI)
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]
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 StatementsAnalyst Forecast
According to one analyst, the rating for WTI stock is "Strong Buy" and the 12-month stock price forecast is $7.8.
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...
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...
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...
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...
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...
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.
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...
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...
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 ...
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...
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 ...
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.
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...
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...
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...
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”)...
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...
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...
W&T Offshore, Inc. (WTI) Q4 2023 Earnings Call Transcript
W&T Offshore, Inc. (WTI) Q4 2023 Earnings Call Transcript
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...
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...
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...
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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 ...
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...