W&T Offshore (NYSE:WTI – Get Free Report) had its price objective lifted by analysts at Stifel Nicolaus from $7.50 to $7.80 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the oil and gas company’s stock. Stifel Nicolaus’ target price points to a potential upside of 228.42% from the company’s previous close.
W&T Offshore Trading Down 1.0 %
NYSE:WTI opened at $2.38 on Tuesday. W&T Offshore has a 52 week low of $2.32 and a 52 week high of $4.54. The firm has a 50 day moving average of $2.70 and a 200 day moving average of $3.16. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 11.58. The stock has a market capitalization of $348.79 million, a price-to-earnings ratio of 23.75 and a beta of 1.52.
W&T Offshore (NYSE:WTI – Get Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The oil and gas company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.08). W&T Offshore had a negative return on equity of 71.70% and a net margin of 2.93%. The business had revenue of $132.30 million during the quarter, compared to analyst estimates of $138.23 million. During the same period in the prior year, the business posted $0.10 EPS. W&T Offshore’s revenue was down 30.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that W&T Offshore will post -0.05 earnings per share for the current fiscal year.
Institutional Investors Weigh In On W&T Offshore
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 and condensate, natural gas liquids, and natural gas. W&T Offshore, Inc was founded in 1983 and is headquartered in Houston, Texas.
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