|Bid||4.800 x 3100|
|Ask||4.810 x 8800|
|Day's Range||4.670 - 4.850|
|52 Week Range||1.810 - 5.100|
|PE Ratio (TTM)||9.41|
|Earnings Date||Feb 27, 2018 - Mar 5, 2018|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||2.83|
W&T Offshore, Inc.’s stock posted another double-digit rise this week and is up sharply since the start of the year.
The EIA estimated that US gasoline inventories increased by 4.8 MMbbls (million barrels) or 2.1% to 233.1 MMbbls on December 22–29, 2017.
February WTI crude oil futures contracts rose 2.1% to $61.63 per barrel on January 3. Brent oil futures also rose 1.9% to $67.84 per barrel on January 3.
In the week starting January 1, Northern Oil and Gas (NOG) increased from last week’s close of $2.05 to $2.54 on January 2, a significant increase of ~24%.
The EIA estimated that OPEC’s spare crude oil production capacity increased by 60,000 bpd (barrels per day), or 2.8%, to 2.1 MMbpd (million barrels per day) in November 2017 compared with the previous ...
The Company's recently drilled Ship Shoal 300 B-5 ST exploratory well was successful and achieved first production in mid-November. The well logged 173 feet of hydrocarbon pay in multiple stacked oil sands in a previously undrilled fault block, successfully extending the aerial limits of the field. The SS 300 B-5 ST well has outperformed the Company's pre-drill expectations on rate, reserves and value. In addition, the new higher rate from the B-5 well is projected to extend field life several years more than previously estimated, adding significant reserves and value to the overall Ship Shoal 299 field (which includes the SS 300 block). W&T holds a 79% working interest in and is the operator of this Gulf of Mexico shelf well.
Currently, ~69.0% of Wall Street analysts tracking Kosmos Energy (KOS) rate it as a “strong buy” or "buy."
A Reuters survey estimated that Saudi Arabia's crude oil production fell by 30,000 bpd (barrels per day) to 10,000,000 bpd in November 2017.
In 9M17, W&T Offshore reported revenues of ~$358.0 million, which are ~26.0% higher than its 9M16 revenues of ~$284.0 million.
HOUSTON, Dec. 6, 2017 /PRNewswire/ -- W&T Offshore, Inc. (WTI) announced today that the Company will be participating in the Capital One Securities 12th Annual Energy Conference to be held in New Orleans on December 4-6, 2017. Tracy Krohn, W&T Offshore's Chairman and CEO, is scheduled to make a presentation on Wednesday, December 6 at 2:30 p.m. Central Time. The presentation will provide an update on the Company's operations and will be broadcast over the Internet. The webcast link to the audio presentation and accompanying slides can be accessed live and for replay by visiting the investor relations section of the Company's website at www.wtoffshore.com. 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 approximately 50 producing fields in federal and state waters and has under lease approximately 710,000 gross acres, including approximately 460,000 gross acres on the Gulf of Mexico Shelf and approximately 250,000 gross acres in the deepwater. A majority of the Company's daily production is derived from wells it operates. For more information on W&T Offshore, please visit the Company's website at www.wtoffshore.com.
As of November 16, 66.66% of analysts covering W&T Offshore (WTI) have a “hold” recommendation on the stock. As of November 16, 2017, Reuters reported that only three analysts have recommendations on WTI....
For 3Q17, W&T Offshore (WTI) reported total production (USO)(UNG) of ~3.35 MMboe (million barrels of oil equivalent), which was at the lower end of the mid-point of WTI’s 3Q17 production guidance range ...
W&T Offshore (WTI) announced its 3Q17 earnings on November 1 after the market closed. Per its earnings press release, WTI reported a much better than expected profit of ~$6 million in 3Q17.
So far in 2H17, W&T Offshore (WTI) stock price rose from $1.96 at the end of June 2017 to $3.15 as of November 16 – a very strong rise of ~61%.
So far this week (as of Tuesday, November 14), W&T Offshore (WTI) rose from last week’s close of $3.16 to $3.20 on November 10—a moderate increase of 1.27%.
US diesel futures fell on October 25, 2017, despite the massive fall in distillate inventories. They fell 0.2% to $1.81 per gallon on the same day.
On September 29, 2017, ~66.7% of the analysts covering W&T Offshore (WTI) had issued “hold” recommendations on the stock.