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 7.4 and 5.5 with a mean TP of 6.3. Given that the stocks previous close was at 4.67 this would indicate that there is a potential upside of 34.9%. The 50 day MA is 3.98 and the 200 day MA is 3.9. The market cap for the company is $658m. Company Website: https://www.wtoffshore.com
The potential market cap would be $887m 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 41 offshore fields in federal and state waters. It has interests in offshore leases covering approximately 669,000 net acres spanning across the Outer Continental Shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama. The company was founded in 1983 and is headquartered in Houston, Texas.
