W&T Offshore (WTI) : 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on W&T Offshore (WTI). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 3.4.
W&T Offshore (WTI) : The highest short term price target forecast on W&T Offshore (WTI) is $4 and the lowest target price is $2. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $2.5 with a standard deviation of $0.84.
Company shares have received an average consensus rating of Hold for the current week W&T Offshore (NYSE:WTI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.01 and $2.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.04, notching a gain of 2.00% for the day. The total traded volume was 599,049 . The stock had closed at $2.00 on the previous day.
In a related news, Nelson S James, director of W&T Offshore Inc had purchased 9,000 shares on November 11, 2015 in a transaction. The price per share was $3.7 and the total amount of the disclosed transaction was $33,300.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.