W&T OffshoreWTI
Market Cap: 350M
About: W&T Offshore Inc is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it drills for oil and gas. The company engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of company's revenue, with natural gas accounting for a much smaller portion.
Employees: 395
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
16% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 45
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]
10% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 31
2% less funds holding
Funds holding: 148 [Q4 2023] → 145 (-3) [Q1 2024]
4.56% less ownership
Funds ownership: 42.95% [Q4 2023] → 38.39% (-4.56%) [Q1 2024]
25% less call options, than puts
Call options by funds: $1.45M | Put options by funds: $1.93M
27% less capital invested
Capital invested by funds: $205M [Q4 2023] → $150M (-$55.6M) [Q1 2024]
Research analyst outlook
1 Wall Street Analyst provided 1 year price forecasts over the past 6 months
1 analyst rating
Stifel Derrick Whitfield | 228%upside $7.8 | Buy Maintained | 23 Apr 2024 |