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W&T Offshore (NYSE:WTI) target price lowered to $1.00, reported today by Barclays

Yesterday W&T Offshore (NYSE:WTI) traded -6.37% lower at $1.55. The company’s 50-day moving average is $1.66 and its 200-day moving average is $2.01. The last stock close price is down -27.97% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 271,044 shares of the stock were exchanged, down from an average trading volume of 925,186

In a report announced on 10/17/2016 Barclays bumped down the price target of W&T Offshore (NYSE:WTI) from $2.00 to $1.00 stating a potential downside of -0.35%.

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W&T Offshore (NYSE:WTI)

W&T Offshore has a 52 week low of $1.23 and a 52 week high of $4.00 The company’s market cap is currently $0.

In addition to Barclays reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $2.50 with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About W&T Offshore (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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