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W and T Offshore Inc

W and T Offshore Inc (WTI)

2.55
0.09
(3.66%)
Closed March 27 04:00PM
2.57
0.02
( 0.78% )
Pre Market: 08:55AM

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Key stats and details

Current Price
2.57
Bid
-
Ask
-
Volume
867
0.00 Day's Range 0.00
2.45 52 Week Range 5.64
Market Cap
Previous Close
2.55
Open
-
Last Trade Time
08:55:23
Financial Volume
-
VWAP
-
Average Volume (3m)
3,025,575
Shares Outstanding
146,857,277
Dividend Yield
0.78%
PE Ratio
24.01
Earnings Per Share (EPS)
0.11
Revenue
532.66M
Net Profit
15.6M

About W and T Offshore Inc

W&T Offshore Inc is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it drills for oil and gas. The company engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural ga... W&T Offshore Inc is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it drills for oil and gas. The company engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of the company's revenue, with natural gas accounting for a much smaller portion. Show more

Sector
Crude Petroleum & Natural Gs
Industry
Crude Petroleum & Natural Gs
Headquarters
Dallas, Texas, USA
Founded
1970
W and T Offshore Inc is listed in the Crude Petroleum & Natural Gs sector of the New York Stock Exchange with ticker WTI. The last closing price for W and T Offshore was $2.55. Over the last year, W and T Offshore shares have traded in a share price range of $ 2.45 to $ 5.64.

W and T Offshore currently has 146,857,277 shares outstanding. The market capitalization of W and T Offshore is $374.49 million. W and T Offshore has a price to earnings ratio (PE ratio) of 24.01.

WTI Latest News

W&T Announces Participation in Water Tower Research Fireside Chat on March 27, 2024

HOUSTON, March 26, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced its participation in a virtual investor event hosted by Water Tower...

W&T Offshore Announces Liquidity-Enhancing Modifications to the Non-Recourse Term Loan with Munich Re

HOUSTON, March 18, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced modifications to the first-lien non-recourse term loan (the “Term...

W&T Offshore Announces Participation in 36th Annual Roth Conference

HOUSTON, March 11, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (“W&T” or the “Company”) (NYSE: WTI) today announced that the Company is scheduled to participate in the 36th Annual Roth...

Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]

http://fasb.org/us-gaap/2023#OtherAssetsNoncurrenthttp://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrenthttp://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent0001288403FYfalsehttp://fasb.org/us-ga...

Form 8-K - Current report

0001288403false00012884032024-03-052024-03-05​​UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549​FORM 8-K​CURRENT REPORTPURSUANT TO SECTION 13 OR...

W&T Offshore Announces Fourth Quarter and Full Year 2023 Results Including Year-End 2023 Proved Reserves, Provides Guidance for 2024, and Declares Dividend for First Quarter of 2024

HOUSTON, March 05, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the fourth quarter and full year...

W&T Offshore Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call as well as Posting of Interview with Chairman and CEO Tracy Krohn on Website

HOUSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (“W&T” or the “Company”) (NYSE: WTI) today announced the timing of its fourth quarter and full year 2023 earnings release...

Form 8-K - Current report

false 0001288403 0001288403 2024-01-26 2024-01-26 iso4217:USD xbrli:shares iso4217:USD xbrli:shares      ...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.12-4.460966542752.692.712.4520071932.53910438CS
4-0.43-14.333333333333.0952.4538285102.61963563CS
12-0.75-22.59036144583.323.342.4530255752.80622948CS
26-1.84-41.72335600914.414.472.4528620473.23582733CS
52-2.39-48.1854838714.965.642.4525015073.66622059CS
156-1.17-31.28342245993.749.162.4531103104.71555182CS
260-4.2-62.03840472676.779.161.0934460953.97349698CS

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WTI Discussion

View Posts
bobstruths bobstruths 3 days ago
The more sources I search the cleaner the information. For the initial listing and sell of stocks on NYSE, the price must be higher than $5 and it must stay above $1 or it will be subject to being DELISTED. So our stock in WTI is currently at $2.54 and is not yet subject to being delisted.
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bobstruths bobstruths 3 days ago
so...WTI share price has been below $4 almost non-stop since late October 2023. Why hasn't WTI been delisted from the NYSE? Is NYSE criteria requiring stock share price to be above $4 just smoke and mirrors or is it something real?
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bobstruths bobstruths 3 days ago
How long for a stock traded on the NYSE to be delisted when the share price is below $4

30 days
According to 2 sources
A company subject to delisting for failing to meet an exchange's requirements will typically have 30 days to resolve the issues, which could include falling below the minimum share price or failing to p...
Relisted: What it Means and …
investopedia.com
If a stock’s share price drops below $1.00 and remains below that level for 30 days, the exchange may notify the company that it is not in compliance with listing requirements and is at risk of being delisted.
What Is Delisting & How Doe…
thestreet.com
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bobstruths bobstruths 3 days ago
Anyone know how long a stock on the New York Stock Exchange can have a share price below $4 before the NYSE delists them? Seems like WTI is pushing the boundaries!!!!!!
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bobstruths bobstruths 3 days ago
So, what is the deal with WTI and the New York Stock Exchange? One requirement of NYSE is that stock prices are required to be $4 per share or higher but WTI is frequently lower than $4!!! Seems like WTI is risking being delisted from the NYSE! HELLO penny stocks.
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bobstruths bobstruths 1 year ago
Looks like all the mom and pop investors have left WTI to the Algos....I will take the same path. They don't even leave crumbs to nibble on. So long..........
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americano americano 1 year ago
I been with this wti a long time never could figure how they get away with all these short trades but guess it like you say the agos , no this company has low debit , and black rock and vanguard are filling to go by by eventually bank of america going in some places end of the fed reserve , cant wait tell I learn how to fill for American National a rebuke my citizen and become free of the cabal system, this thing should be trading at $20 IMO for a fair PE
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bobstruths bobstruths 1 year ago
Short algos been taking too much, time for a short squeeze. Time to take back our company! It is up to you!
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americano americano 1 year ago
people could have bought this Godly honest company and held it ,
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Benztrader Benztrader 2 years ago

WTI, (Trade) has reported earnings of 0.21 per share versus last year's earnings of 0.11 per share.
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americano americano 2 years ago
20 cents estimate
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Benztrader Benztrader 2 years ago
W&T Offshore Announces Timing of First Quarter 2022 Earnings Release and Conference Call

https://www.wtoffshore.com/news-media/press-releases/detail/426/wt-offshore-announces-timing-of-first-quarter-2022
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Marsanch1 Marsanch1 2 years ago
Break the Resistance take 2. New high coming.

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americano americano 2 years ago
In 4 weeks another quarter earnings about 2x what the last one was it will seem early but not, last one was late, it maybe 20 cents be my guess another beat
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DesktopDR DesktopDR 2 years ago
What is your take on WTI financials that just came out?
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Benztrader Benztrader 2 years ago
It’s already past $5 on the west coast.

It south Florida it’s $4.50
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DesktopDR DesktopDR 2 years ago
I don't know about $10, but $5 or $6 could happen within a year. WTI could go to $20+
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Benztrader Benztrader 2 years ago
$10 gas coming
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americano americano 2 years ago
Figure no posters here on a good thing wti
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americano americano 2 years ago
Stock price in repair
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DesktopDR DesktopDR 2 years ago
Does anyone know if the repairs were made on the wells that were down? I've reached out to WTI 2-3 times and have yet to get a response.
As for share price, it is moving up slowly and I do believe that the first 1/2 of the year we should see the share price above 6. But this Covid crap needs to stop.
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TuMaRu TuMaRu 2 years ago
Balance sheet carried a retained earnings deficit for years now, shows up as negative stockholder equity. Yet the stock has traded around 5-6 before the pandemic, and now in the 3-4 range for all of 2021. Wonder if that is an anomaly - negative equity, meaning this is priced for bankruptcy yet no immediate danger??

What do you make of it? Good for a trade obviously but not worthy of long term investment. Anyone else got a different read on W&T's stockholder deficit and the high depreciation/depletion rate of their assets?
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DesktopDR DesktopDR 2 years ago
You are correct! I'm not sure why it is still low. It could be damage done from the hurricane? But I do believe if crude stays above $80 for a few months, WTI's profit will soar and the year end financials will drive the price up. But I am surprised that the price isn't higher.
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TuMaRu TuMaRu 2 years ago
You said in March, and in May-Jun before summer that oil prices will rise to 80. Sure enough, WTI and Brent are both above $80 and headed higher, and its not even year end yet. But WTI? Well its half of what you had predicted $8-9!! Not bad but shows how stock prices often lag those very same commodities they support.

WTI has too many hedges in place and thats what is keeping the lid on it going higher. If those hedges come off in 2022, and debt can be brought down, then it might be a very different picture.
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1kgwxman 1kgwxman 3 years ago
Ummm...no.
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DesktopDR DesktopDR 3 years ago
Stock to invest in. Ticker WTI. WTI is a Texas oil company with great financials. This stock should soar to near $9 by the end of the year and $12+ by the beginning of 2022. If you look at their historical pricing, and its relevance to crude pricing, we could even see prices in the 20's.

https://longforecast.com/oil-price-today-forecast-2017-2018-2019-2020-2021-brent-wti


https://finance.yahoo.com/quote/WTI/history?p=WTI


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DesktopDR DesktopDR 3 years ago
I'm expecting this to go between $8 and $9 before the end of the year. Estimates on crude prices show the next 3 years with oil going over $100 a barrel. In 2018 WTI crude went to $76 a barrel and WTI (W&T) went over $9.50 a share. Look at the history of crude prices over the years and compare to WTI (W&T) historical stock prices near that time as well.
Here are some of the links that I use:

https://longforecast.com/oil-price-today-forecast-2017-2018-2019-2020-2021-brent-wti#1

https://www.indexmundi.com/commodities/?commodity=crude-oil&months=60

https://finance.yahoo.com/quote/WTI/history?p=WTI

I used this info in 2018 and tripled my money!



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BluSkies BluSkies 3 years ago
WTI all the way to the moon
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DesktopDR DesktopDR 3 years ago
5-6-21 Financials:
https://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=14930989-20505-25186&type=sect&TabIndex=2&dcn=0001437749-21-011071&nav=1&src=Yahoo
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slambino slambino 3 years ago
Lookin good here short-mid term IMO
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Taurus69 Taurus69 3 years ago
$wti $3.79 ^ 0.17 (4.70%)
Volume: 3,538,095 @03/26/21 7:59:26 PM EDT
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ClayTrader ClayTrader 3 years ago
* * $WTI Video Chart 03-05-2021 * *

Link to Video - click here to watch the technical chart video

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DesktopDR DesktopDR 3 years ago
I'm looking for this to hit $8 by the end of the year. Oil prices could hit $80 which would bring WTI between $7 & $9. I hope everyone loaded up!
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OmahaBlue32 OmahaBlue32 3 years ago
Wonderful video Clay! Thank you!
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ClayTrader ClayTrader 3 years ago
* * $WTI Video Chart 03-04-2021 * *

Link to Video - click here to watch the technical chart video

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equijohn equijohn 3 years ago
He seems to be owned by Big Oil and Wall Street , and shakes off anything the Progressives put forward. So I would say no on both
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DesktopDR DesktopDR 3 years ago
Will Biden kill oil prices? Will Biden kill the stock market with taxation?
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Taurus69 Taurus69 3 years ago
$wti $3.32 ? 0.0 (0.00%)
Volume: 4,038,357 @02/26/21 7:55:23 PM EST
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Taurus69 Taurus69 3 years ago
$wti $2.81 ^ 0.14 (5.24%)
Volume: 4,727,588 @02/05/21 7:59:27 PM EST
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DHaus DHaus 3 years ago
15.5% short interest. Market valuation $6.51/share.
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Taurus69 Taurus69 3 years ago
$wti $2.3 v -0.08 (-3.36%)
Volume: 3,354,987 @01/21/21 7:51:27 PM EST
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sharky sharky 3 years ago
Oil broke the 50.00 barrel price, thinking might go 60.00-75.00 by end of summer. I have been adding more here. :)



$WTI
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americano americano 3 years ago
your shark and my rocket may get this to 10 soon !!! 2008 58.59 was the daily high point when oil hit 140
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americano americano 3 years ago
Should Run Big
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sharky sharky 3 years ago
Adding while its cheap IMO




$WTI
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Taurus69 Taurus69 3 years ago
$wti $2.23 v -0.1 (-4.29%)
Volume: 3,241,547 @12/22/20 7:00:00 PM EST
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sharky sharky 3 years ago
WTI news: W&T Offshore Provides Operational Update and Increases Production Guidance for the Fourth Quarter of 2020
December 08 2020 - 06:01PM
GlobeNewswire Inc.
Alert
Print
Share On Facebook

W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today provided an operational update regarding fourth quarter 2020 production. The Company said that it has recently restored the vast majority of production that was shut-in due to the series of storms in the Gulf of Mexico and has also restored production at the Magnolia field that was offline due to extended downtime at a third-party operated platform downstream from that field. W&T now expects its fourth quarter production to average between 34,700 and 36,900 barrels of oil equivalent per day (“Boe/d”) of which 34% is estimated to be oil, 11% natural gas liquids, and the balance natural gas. Previously the Company had estimated its fourth quarter production would average 31,500 to 35,000 Boe/d.
Tracy W. Krohn, W&T’s Chairman and Chief Executive Officer commented, “This year has been an extraordinary one, from a worldwide pandemic to a record-breaking number of hurricanes, but through it all our team has remained focused on operational excellence and maximizing our free cash flow generation. The operations team has done an outstanding job restoring production in the fourth quarter faster than anticipated and, as a result, we are increasing our fourth quarter production midpoint from 33,250 Boe/d to 35,800 Boe/d. The timing couldn’t have been better with the recent uptick in oil pricing and we are well positioned to end the year on a positive note. We look to carry this momentum into 2021 and we firmly believe that we are well-positioned to deliver strong value creation for our shareholders.”

About W&T Offshore

W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico and has grown through acquisitions, exploration and development. The Company currently has working interests in 50 producing fields in federal and state waters and has under lease approximately 772,000 gross acres, including approximately 557,000 gross acres on the Gulf of Mexico Shelf and approximately 215,000 gross acres in the Gulf of Mexico deepwater. A majority of the Company’s daily production is derived from wells it operates. For more information on W&T, please visit the Company’s website at www.wtoffshore.com.

CONTACT: Al Petrie Janet Yang
Investor Relations Coordinator EVP & CFO
apetrie@wtoffshore.com investorrelations@wtoffshore.com
713-297-8024 713-624-7326



$WTI
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sharky sharky 3 years ago
Chart is building nice and steady





$WTI
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americano americano 3 years ago
still getting beat up needs a shark on its side to jump up to 3-4
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Taurus69 Taurus69 3 years ago
$wti $2.13 ? 0.0 (0.00%)
Volume: 2,109,739 @11/27/20 5:00:00 PM EST
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