Short Term Rating on W&T Offshore (WTI)

W&T Offshore (WTI) has an average broker rating of 3.4, which is interpreted as a Hold, as rated by 5 equity analysts. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

W&T Offshore (WTI) : Currently there are 6 street experts covering W&T Offshore (WTI) stock. The most bullish and bearish price target for the stock is $4 and $2 respectively for the short term. The average price target of all the analysts comes to $2.5. The estimated standard deviation from the target is $0.89.

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


W&T Offshore (NYSE:WTI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.23 and $2.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.21, notching a gain of 1.84% for the day. The total traded volume was 1,259,606 . The stock had closed at $2.17 on the previous day.

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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