W&T Offshore (WTI)
(Delayed Data from NYSE)
$2.09 USD
+0.01 (0.48%)
Updated Sep 23, 2024 04:00 PM ET
After-Market: $2.09 0.00 (0.00%) 7:58 PM ET
4-Sell of 5 4
B Value B Growth D Momentum B VGM
Company Summary
Headquartered in Houston, TX, W&T Offshore, Inc. is a leading oil and natural gas explorer with operations primarily focused on resources located off the coast of Gulf of Mexico. This has enabled the company to develop significant technical expertise in the major prolific oceanic rift basin.
W&T Offshore was founded in 1983. The company’s operations spread over roughly 47 oil and gas offshore fields, covering around 669,000 gross acres. These properties are located across the Outer Continental Shelf off the coasts of Alabama, Texas, Louisiana and Mississippi. The ...
Company Summary
Headquartered in Houston, TX, W&T Offshore, Inc. is a leading oil and natural gas explorer with operations primarily focused on resources located off the coast of Gulf of Mexico. This has enabled the company to develop significant technical expertise in the major prolific oceanic rift basin.
W&T Offshore was founded in 1983. The company’s operations spread over roughly 47 oil and gas offshore fields, covering around 669,000 gross acres. These properties are located across the Outer Continental Shelf off the coasts of Alabama, Texas, Louisiana and Mississippi. The company sells its crude oil, natural gas liquids (NGLs) and natural gas at the wellhead at current market prices to third party clients. Also, the company transports its output to “pooling points” where it is sold.
The company’s properties include around 482,000 gross acres on the conventional Shelf as well as about 187,000 gross acres in the Deep-water. Average water depth at the Shelf is 500 feet or less, where the company generates more than 60% of its total daily output. On the other hand, water depth at the Deep-water prospects is more than 500 feet and generates around 40% of the company’s total daily production.
The company has stakes in 123 offshore structures, of which 81 are located at the fields where the company is the operator. Notably, W&T Offshore has interests in a total of 201 producing wells, of which the company operates on 135 wells.
As of Dec 31, 2023, the company reported proved reserves of 123 MMBoe, down from the 2022-end level of 165.3 MMBoe. Total proved reserves at 2023-end comprise 41% liquids and 59% natural gas.
In 2023, W&T Offshore’s production was recorded at 12.7 MMBoe, down from 14.6 MMBoe in the year-ago period.
General Information
W&T Offshore, Inc
5718 Westheimer Road Suite 700
Houston, TX 77057
Phone: 713-626-8525
Fax: 713-626-8527
Web: http://www.wtoffshore.com
Email: investorrelations@wtoffshore.com
Industry | Oil and Gas - Exploration and Production - United States |
Sector | Oils-Energy |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/5/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | -0.11 |
Current Year EPS Consensus Estimate | -0.35 |
Estimated Long-Term EPS Growth Rate | NA |
Exp Earnings Date | 11/5/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 2.08 |
52 Week High | 4.47 |
52 Week Low | 1.92 |
Beta | 1.40 |
20 Day Moving Average | 1,223,473.75 |
Target Price Consensus | 10.00 |
4 Week | -12.19 |
12 Week | -4.57 |
YTD | -35.89 |
4 Week | -13.75 |
12 Week | -8.63 |
YTD | -46.63 |
Shares Outstanding (millions) | 146.86 |
Market Capitalization (millions) | 306.93 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 1.91% |
Annual Dividend | $0.04 |
Payout Ratio | NA |
Change in Payout Ratio | NA |
Last Dividend Payout / Amount | 8/20/2024 / $0.01 |
Fundamental Ratios
P/E (F1) | NA |
Trailing 12 Months | NA |
PEG Ratio | NA |
vs. Previous Year | 37.50% |
vs. Previous Quarter | 0.00% |
vs. Previous Year | 13.14% |
vs. Previous Quarter | 1.40% |
Price/Book | 61.33 |
Price/Cash Flow | 2.37 |
Price / Sales | 0.55 |
6/30/24 | -103.71 |
3/31/24 | -100.74 |
12/31/23 | -71.70 |
6/30/24 | -2.00 |
3/31/24 | -2.41 |
12/31/23 | -1.95 |
6/30/24 | 1.06 |
3/31/24 | 1.08 |
12/31/23 | 1.22 |
6/30/24 | 1.06 |
3/31/24 | 1.08 |
12/31/23 | 1.22 |
6/30/24 | -4.04 |
3/31/24 | -4.96 |
12/31/23 | -4.07 |
6/30/24 | -4.51 |
3/31/24 | -4.04 |
12/31/23 | 2.93 |
6/30/24 | -3.95 |
3/31/24 | -2.05 |
12/31/23 | 6.37 |
6/30/24 | 0.03 |
3/31/24 | 0.14 |
12/31/23 | 0.21 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 75.32 |
3/31/24 | 18.51 |
12/31/23 | 11.58 |
6/30/24 | 98.75 |
3/31/24 | 95.12 |
12/31/23 | 92.40 |