Analyst Rating Update on W&T Offshore (WTI)

W&T Offshore (WTI) : 5 analysts are covering W&T Offshore (WTI) and their average rating on the stock is 3.4, which is read as a Hold. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

W&T Offshore (WTI) : The highest level W&T Offshore (WTI) is projected to reach is $4 for the short term and the lowest estimate is at $2. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $2.58 and the possibility the share price can swing is $0.8.

Company shares have received an average consensus rating of Hold for the current week


W&T Offshore (NYSE:WTI): The stock was completely flat for the day, closing at $1.79 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $1.81, the stock touched an intraday high of $1.81 and a low of $1.73. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.79. The total trading volume on Wednesday was 1,228,243.

W&T Offshore, Inc. is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties primarily in the Gulf of Mexico and the Permian Basin in West Texas. Its onshore activities are primarily in the Permian Basin in West Texas. The Company owns a platform in the Gulf of Mexico located in a National Marine Sanctuary. The offshore fields are found in water depths ranging from less than 10 feet up to 7,200 feet. Its properties include Spraberry Field (Yellow Rose), Ship Shoal 349 Field (Mahogany), Fairway Field, The Viosca Knoll 783 field, Mississippi Canyon 243 Field (Matterhorn), Main Pass 108 Field, Mississippi Canyon 782 Field (Dantzler), Viosca Knoll 823 Field (Virgo), East Cameron 321 and Main Pass 283.

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