W&T Offshore found using ticker (WTI) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The target price ranges between 10 and 9.1 and has a mean target at 9.55. Now with the previous closing price of 8.21 this now indicates there is a potential upside of 16.3%. The day 50 moving average is 6.9 and the 200 day MA is 5.54. The market cap for the company is $1,245m. Company Website: https://www.wtoffshore.com
The potential market cap would be $1,449m based on the market concensus.
W&T Offshore, 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, natural gas liquids, and natural gas. As of December 31, 2021, the company had working interests in 43 fields in federal and state waters; and under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf, as well as approximately 187,000 gross acres in the Gulf of Mexico deepwater. W&T Offshore was founded in 1983 and is headquartered in Houston, Texas.
