Earnings and Growth Analysis : W&T Offshore, Inc. (NYSE:WTI)

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Earnings results for W&T Offshore, Inc. (NYSE:WTI)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingMar 2020 , the consensus EPS* forecast has remained the same over the past week at 0.03 and remained the same over the past month at 0.03. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at -0.51 and increased over the past month from -0.52 to -0.51(1.92%). Of the 1 analysts making yearly forecasts, 1raised and none lowered their forecast.

Analyst Opinion on W&T Offshore, Inc. (NYSE:WTI)

3 Wall Street analysts have issued ratings and price targets for W&T Offshore in the last 12 months. Their average twelve-month price target is $2.90, suggesting that the stock has a possible upside of 12.84%. The high price target for WTI is $3.80 and the low price target for WTI is $2.00. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

W&T Offshore has received a consensus rating of Hold. The company’s average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating. According to analysts’ consensus price target of $2.90, W&T Offshore has a potential upside of 12.8% from its current price of $2.57. W&T Offshore has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: W&T Offshore, Inc. (NYSE:WTI)

W&T Offshore does not currently pay a dividend. W&T Offshore has been increasing its dividend for 7 years.

Insiders buying/selling: W&T Offshore, Inc. (NYSE:WTI)

In the past three months, W&T Offshore insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $1,202.00 in company stock and sold $0.00 in company stock. Only 34.08% of the stock of W&T Offshore is held by insiders. 45.00% of the stock of W&T Offshore is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of W&T Offshore, Inc. (NYSE:WTI

Earnings for W&T Offshore are expected to decrease in the coming year, from ($0.51) to ($0.54) per share. The P/E ratio of W&T Offshore is 5.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.21. The P/E ratio of W&T Offshore is 5.04, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.34.

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