Barclays PLC downgraded W&T Offshore, Inc. (NYSE:WTI) to Underweight in a statement released today.
- Updated: October 16, 2016
Barclays PLC has downgraded W&T Offshore, Inc. (NYSE:WTI) to Underweight in a statement released on 10/17/2016.
Having a price of $1.55, W&T Offshore, Inc. (NYSE:WTI) traded -6.37% lower on the day. With the last stock price down -27.97% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. WTI has recorded a 50-day average of $1.66 and a two hundred day average of $2.01. Trade Volume was down over the average, with 271,044 shares of WTI changing hands under the typical 925,186
With a total market value of $0, W&T Offshore, Inc. has with a one year low of $1.23 and a one year high of $4.00 .
A total of 9 equity analysts have released a ratings update on WTI. One equity analyst rating the company a strong buy, zero equity analysts rating the company a buy, eight equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $2.50.
Brief Synopsis About W&T Offshore, Inc. (NYSE:WTI)
W&T Offshore, Inc. is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. The Company owns a platform in the Gulf of Mexico located in a National Marine Sanctuary. The Company's fields are located in federal and state waters in the Gulf of Mexico. The fields are found in water depths ranging from 10 feet to 7,200 feet. The Company's fields include Ship Shoal 349 Field (Mahogany), Fairway Field, Miss. Canyon 243 (Matterhorn), Viosca Knoll 783 (Tahoe/SE Tahoe), Miss. Canyon 782 (Dantzler), Main Pass 108, Brazos A133, Ewing Bank 910, Miss. Canyon 698 (Big Bend) and Miss. Canyon 538/582 (Medusa). The Company sells its crude oil, natural gas liquids (NGLs) and natural gas to third-party customers. The Company's subsidiary is W & T Energy VI, LLC.
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