W&T Offshore with ticker code (WTI) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 5.5 and 4 calculating the average target price we see 4.93. Given that the stocks previous close was at 3.38 this is indicating there is a potential upside of 45.9%. There is a 50 day moving average of 3.23 and the 200 day MA is 3.76. The market capitalisation for the company is $470m. You can visit the company’s website by visiting: http://www.wtoffshore.com
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. It holds working interest in approximately 43 offshore fields in federal and state waters. The company also owns interest in approximately 146 offshore structures. It has interests in offshore leases covering approximately 506,000 net acres spanning across the Outer Continental Shelf off the coasts of Louisiana, Texas, Mississippi, and Alabama. As of December 31, 2020, its total proved reserves were 144.4 million barrels of oil equivalent. The company was founded in 1983 and is headquartered in Houston, Texas.
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