W&T Offshore with ticker code (WTI) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The target price ranges between 8.8 and 6 with the average target price sitting at 7.1. Given that the stocks previous close was at 6.04 this is indicating there is a potential upside of 17.5%. The 50 day moving average now sits at 5.11 and the 200 moving average now moves to 4.8. The market capitalisation for the company is $936m. Company Website:https://www.wtoffshore.com
The potential market cap would be $1,101m 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.
