W&T Offshore – Consensus Indicates Potential -13.5% Downside

Broker Ratings

W&T Offshore found using ticker (WTI) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The target price ranges between 9.7 and 6 and has a mean target at 7.4. Given that the stocks previous close was at 8.55 this would imply there is a potential downside of -13.5%. The 50 day moving average now sits at 5.59 and the 200 moving average now moves to 4.39. The market capitalisation for the company is $1,210m. You can visit the company’s website by visiting: https://www.wtoffshore.com

The potential market cap would be $1,047m based on the market concensus.

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W&T Offshore, 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. W&T Offshore was founded in 1983 and is headquartered in Houston, Texas.

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