Wall Street analyst ratings for W&T Offshore
Currently, ~17% of Wall Street analysts rate W&T Offshore (WTI) as a “buy,” and ~50% of analysts rate it as a “hold.” About 33% rate the stock a “sell.” The median price target from these recommendations is $2.20, which is ~13% higher than the December 7 closing price of $1.95.
Based on the median price targets of recommendations from Wall Street analysts, other upstream companies like SM Energy (SM), Carrizo Oil & Gas (CRZO), and Gulfport Energy (GPOR) have potential upsides of ~34%, ~12%, and ~20%, respectively, from their December 7 closing prices. The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) generally invests at least 80% of its total assets in oil and gas exploration companies, whereas the Vanguard Energy ETF (VDE) invests into the broader energy market.
W&T Offshore: Highest and lowest target prices
KLR Group and Iberia Capital Partners assigned W&T Offshore the highest target price of $3, which is ~54% higher than the December 7 closing price of $1.95. KLR Group issued its WTI recommendation in October 2016, and Iberia Capital Partners issued its WTI recommendation in November 2016. The firms didn’t mention a target date for the target price.
Barclays assigned W&T Offshore the lowest target price of $1, which is ~49% lower than the December 7 closing price of $1.95. Barclays issued its WTI recommendation on October 17, 2016, and didn’t mention a target date for the target price.
Now, let’s take a look at W&T Offshore’s production volumes, a crucial fundamental parameter for any upstream company.