W&T Offshore Stock Performance
Shares of NYSE WTI opened at $3.88 on Thursday. The firm’s 50 day moving average price is $5.65 and its 200-day moving average price is $4.92. The company has a market cap of $554.88 million, a PE ratio of -12.84 and a beta of 2.32. W&T Offshore has a 52-week low of $2.64 and a 52-week high of $9.01.
W&T Offshore (NYSE:WTI – Get Rating) last issued its earnings results on Tuesday, May 3rd. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $191.00 million for the quarter, compared to the consensus estimate of $159.49 million. W&T Offshore had a negative net margin of 6.93% and a negative return on equity of 18.05%. The business’s revenue was up 52.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. On average, analysts forecast that W&T Offshore will post 1.56 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
W&T Offshore Company Profile
W&T Offshore, Inc, 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. As of December 31, 2021, the company had working interests in 43 fields in federal and state waters; and under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf, as well as approximately 187,000 gross acres in the Gulf of Mexico deepwater.
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