W&T Offshore found using ticker (WTI) now have 3 analysts in total covering the stock. The consensus rating is ‘Strong_Buy’. The target price ranges between 6.6 and 4 with the average target price sitting at 5.37. Now with the previous closing price of 4.21 this would imply there is a potential upside of 27.6%. The day 50 moving average is 3.81 and the 200 day MA is 3.86. The market cap for the company is $649m. Company Website: https://www.wtoffshore.com
The potential market cap would be $828m 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. It holds working interest in approximately 43 offshore fields in federal and state waters. The company also owns interest in approximately 146 offshore structures. It has interests in offshore leases covering approximately 506,000 net acres spanning across the Outer Continental Shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama. As of December 31, 2020, its total proved reserves were 144.4 million barrels of oil equivalent. The company was founded in 1983 and is headquartered in Houston, Texas.
