W&T Offshore with ticker code (WTI) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 7 and 4 calculating the average target price we see 5.5. With the stocks previous close at 4.2 this would indicate that there is a potential upside of 31.0%. The 50 day moving average now sits at 3.67 and the 200 day moving average is 3.8. The company has a market cap of $594m. Company Website: https://www.wtoffshore.com
The potential market cap would be $777m 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.
