W&T Offshore (NYSE:WTI) : The consensus on W&T Offshore (NYSE:WTI) based on 5 analyst recommendation on the company stock is 3.4, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
W&T Offshore (NYSE:WTI) : Currently there are 6 street experts covering W&T Offshore (NYSE:WTI) stock. The most bullish and bearish price target for the stock is $4 and $2 respectively for the short term. The average price target of all the analysts comes to $2.5. The estimated standard deviation from the target is $0.89.
Company shares have received an average consensus rating of Hold for the current week
W&T Offshore (NYSE:WTI): stock turned positive on Tuesday. Though the stock opened at $2.21, the bulls momentum made the stock top out at $2.24 level for the day. The stock recorded a low of $2.15 and closed the trading day at $2.2, in the green by 5.26%. The total traded volume for the day was 922,631. The stock had closed at $2.09 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of W&T Offshore Inc, Nelson S James had purchased shares worth of $33,300 in a transaction dated on November 11, 2015. A total of 9,000 shares were purchased at a price of $3.7 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
W&T Offshore, Inc. is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties primarily in the Gulf of Mexico and the Permian Basin in West Texas. Its onshore activities are primarily in the Permian Basin in West Texas. The Company owns a platform in the Gulf of Mexico located in a National Marine Sanctuary. The offshore fields are found in water depths ranging from less than 10 feet up to 7,200 feet. Its properties include Spraberry Field (Yellow Rose), Ship Shoal 349 Field (Mahogany), Fairway Field, The Viosca Knoll 783 field, Mississippi Canyon 243 Field (Matterhorn), Main Pass 108 Field, Mississippi Canyon 782 Field (Dantzler), Viosca Knoll 823 Field (Virgo), East Cameron 321 and Main Pass 283.