Five analysts provide recommendations on W&T Offshore (WTI). There were four “hold” recommendations and one “sell.” There was no “strong buy,” “buy,” or “strong sell” recommendation on the stock.
The median target price of the aforementioned recommendations is $3.25, which is ~21% higher than the closing price of $2.68 on February 22, 2017. The mean target price for W&T Offshore is $2.95, lower than the median target price.
Changes in the last three months
In the last three months, analysts’ “hold” recommendations for W&T Offshore have risen from three to four, and “sell” recommendations for W&T Offshore have fallen from two to one.
In the last three months, W&T Offshore’s median and mean target prices have risen. Its median target price has risen from $2.75 to $3.25, and its mean target price has risen from $2.45 to $2.95.
Other oil and gas producers
Based on analysts’ mean price targets, oil and gas companies Carrizo Oil & Gas (CRZO), Gulfport Energy (GPOR), and Denbury Resources (DNR) have potential upsides of ~40%, ~66%, and ~15%, respectively, based on their February 22 closing prices.
The SPDR S&P Oil and Gas Exploration & Production ETF (XOP) invests at least 80% of its total assets in oil and gas exploration companies, whereas the Energy Select Sector SPDR ETF (XLE) invests at least 95% of its total assets in oil and gas companies. Next, we’ll take a look at W&T Offshore’s short interest.