W&T Offshore (WTI) : 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on W&T Offshore (WTI). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 3 Wall Street Analysts endorse the stock as a Sell with a rating of 3.67.
Company shares have received an average consensus rating of Hold for the current week
W&T Offshore (NYSE:WTI): The stock was completely flat for the day, closing at $1.76 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $1.77, the stock touched an intraday high of $1.81 and a low of $1.76. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $1.76. The total trading volume on Wednesday was 396,865.
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.