W&T Offshore, Inc. (WTI)
W&T Offshore, Inc. operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $3.85, up 3.77% on the session, giving a market capitalisation of $572.8M. On trailing twelve-month figures it carries a trailing P/E of -5.27, a net margin of -19.3%. Its beta of 0.28 implies it has historically moved less than the broad market.
W&T Offshore, Inc. operates as an independent energy producer, primarily focused on the identification, acquisition, and development of crude oil and natural gas assets within the Gulf of Mexico. The company markets and sells a range of products, including crude oil, natural gas liquids (NGLs), and natural gas. As of December 31, 2021, W&T Offshore held operational interests across 43 fields in both federal and state offshore territories. Its portfolio of leased properties encompassed approximately 606,000 gross acres, with a breakdown of roughly 419,000 gross acres situated on the Gulf of Mexico Shelf and about 187,000 gross acres in the Gulf's deepwater region. Founded in 1983, the firm maintains its corporate headquarters in Houston, Texas.
W&T Offshore, Inc. is most often compared with the following Energy names: