W&T Offshore (WTI) : Zacks Investment Research ranks W&T Offshore (WTI) as 3, which is a Hold recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 3.4, which indicates as a Hold.
W&T Offshore (WTI) : The consensus price target for W&T Offshore (WTI) is $2.5 for the short term with a standard deviation of $0.89. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $4, however, the pessimist price target for the company is $2.
W&T Offshore (NYSE:WTI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.15 and $2.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.27, notching a gain of 4.13% for the day. The total traded volume was 684,464 . The stock had closed at $2.18 on the previous day.
The company shares have dropped -51.98% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $4.99 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $2.15 and the 200 Day Moving Average price is recorded at $2.13.
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.