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Analysts’ Views on W&T Offshore, Pre-4Q16 Earnings Release

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Recommendations

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.

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Target price

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.

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