W&T Offshore WTI Stock Price & Overview

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W&T Offshore Incorporated explores for and produces oil and natural gas in the Gulf of Mexico. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, TX. Gold prices surged to a record high after the US Federal Reserve policy. Bullion reached an all-time high of $3,055.31 per ounce earlier in the session. Analysts like W&T Offshore more than other «oils/energy» companies.

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The consensus rating for W&T Offshore is Buy while the average consensus rating for «oils/energy» companies is Moderate Buy. W&T Offshore, Inc. engages in the production, exploration, development, and acquisition of oil and natural gas properties. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX. W&T briefly fell below $2 on Friday, its lowest level since November 2020. The oil prices and the company’s fundamentals are significantly better now compared to the pandemic period. W&T Offshore, Inc. shows resilience with strong liquidity and efficient drilling from its Cox acquisition, despite market volatility and lower oil prices.

The central bank hiked its projection of US inflation for 2025 and downgraded the US economic growth forecast. On Wednesday, the Indian stock market ended higher for the third consecutive session, with the benchmark Nifty 50 closing above 22,900 level. Asian markets traded higher, while the US stock market rallied overnight after the Fed policy. Uncertainty still dogs markets as investors debate whether the sell-off that pushed the S&P 500 into correction territory is over.

W&T Offshore – Analysts’ Recommendations and Stock Price Forecast (

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Tesla share price surged 4.68%, Nvidia stock price gained 1.81%, and Advanced Micro Devices shares rose 2.63%. Apple stock advanced 1.20%, while Boeing shares jumped 6.8%. “While some consolidation is possible, the overall sentiment is likely to remain positive, favoring a ‘buy on dips’ approach. We are witnessing rotational participation across key sectors, with banking, financials, metals, and energy taking the lead.

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Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $70.56 price posted on Wednesday, and trading at $70.96. According to analysts, W&T Offshore’s stock has a predicted upside of 389.03% based on their 12-month stock forecasts. W&T Offshore scored higher than 61% of companies evaluated by MarketBeat, and ranked 140th out of 266 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Asian markets traded higher on Thursday following overnight rally on Wall Street after the US Fed policy. Solana meme coin generator Pumpfun announced on Thursday the launch of its own native decentralized exchange (DEX), PumpSwap, to facilitate the trading of meme coins and other SOL-based crypto tokens. HOUSTON–(BUSINESS WIRE)–An independent Texas oil and gas producer is striking back against a group of insurance companies, which collectively are seeking $250 million in collateral beyond what the o… Select to analyze similar companies using key performance metrics; select up to 4 stocks.

W&T Offshore (WTI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. The author has not received compensation for writing this article, other than from FXStreet. OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices.

W T Offshore Inc Stock (WTI) Forecast

  • The author has not received compensation for writing this article, other than from FXStreet.
  • According to one analyst, the rating for WTI stock is «Strong Buy» and the 12-month stock price forecast is $7.8.
  • W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of America.
  • “While some consolidation is possible, the overall sentiment is likely to remain positive, favoring a ‘buy on dips’ approach.
  • The US Fed Chair Jerome Powell-led Federal Open Market Committee (FOMC) kept the benchmark federal funds rate unchanged, and signalled 50 basis points (bps) of rate cut later this year.

API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other biggest stock gainers of all time archives 75% of the time. The EIA data is considered more reliable, since it is a government agency. 1 Wall Street equities research analysts have issued «buy,» «hold,» and «sell» ratings for W&T Offshore in the last year.

When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia. Enter your email address to receive the latest news and analysts’ ratings for W&T Offshore and its competitors. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

During his keynote, Huang revealed General Motors (GM) is partnering with Nvidia to build its own self-driving cars. Shares of GM closed down around 1% following the news, with some analysts pointing to the high cost of Nvidia chips relative to competitors. SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market. After hitting a record high above $3,050 early Thursday, Gold retraced to the $3,030 region amid the stronger Dollar and diminishing US yields, all amid investors’ repricing of the latest FOMC event.

  • Changes in inventories reflect fluctuating supply and demand.
  • But the details of that data could give policymakers pause for thought.
  • WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively.
  • The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude.
  • Zelensky thanked Trump for US support and the two leaders agreed that technical teams would meet in Saudi Arabia in the coming days.

It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads forex adx of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media. West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $67.42 per barrel, up from Wednesday’s close at $67.01.

The consensus among Wall Street equities research analysts Cambio euro yen is that investors should «buy» WTI shares. According to one analyst, the rating for WTI stock is «Strong Buy» and the 12-month stock price forecast is $7.8. Please bear with us as we address this and restore your personalised lists. The US Federal Reserve kept its benchmark overnight interest rate unchanged in the 4.25% – 4.50% range, and indicated that two quarter-point interest-rate cuts were likely later this year.

W&T Offshore’s significant debt reduction and positive cash flow make it an appealing investment, with potential for inorganic growth through acquisitions in the Gulf of Mexico. It’s clear, however, that consumers are feeling less and less enthused about the state of their pocketbooks. The University of Michigan’s consumer sentiment survey came in at 57.9 on Friday, well below expectations of 63. It took less than a month for the benchmark index to fall into correction, the fifth-fastest such move in the past 75 years, according to Ritholtz Wealth Management. Zelensky thanked Trump for US support and the two leaders agreed that technical teams would meet in Saudi Arabia in the coming days. Policymakers are largely expected to hold rates steady in their decision on Wednesday.

Crude oil prices traded higher after the US Fed policy, while data showed robust fuel consumption. Brent crude oil rose 0.45% to $71.10 a barrel, while the US West Texas Intermediate (WTI) crude futures gained 0.22% to $67.31. W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of America. The company sells crude oil, condensate, natural gas, and natural gas liquids. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.

China held benchmark lending rates steady for the fifth straight month in March, matching market expectations. The People’s Bank of China kept the one-year loan prime rate (LPR) at 3.1%, while the five-year LPR was unchanged at 3.6%. The PBOC has kept its 7-day rate, the country’s main policy rate, steady at 1.5%. US stock market ended higher on Wednesday after the Federal Reserve kept interest rates unchanged as widely expected. The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil.