W&T Offshore Price Target Raised to $20.00 at Barclays (WTI)
Investment analysts at Barclays upped their price objective on shares of W&T Offshore (NYSE:WTI) from $17.00 to $20.00 in a note issued to investors on Monday, Stock Ratings Network.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective indicates a potential upside of 0.15% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of W&T Offshore from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a $19.00 price target on the stock. Separately, analysts at SunTrust downgraded shares of W&T Offshore from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $20.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of W&T Offshore to a “hold” rating in a research note to investors on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. W&T Offshore presently has an average rating of “Hold” and a consensus price target of $19.30.
W&T Offshore (NYSE:WTI) traded down 1.45% on Monday, hitting $19.68. 269,948 shares of the company’s stock traded hands. W&T Offshore has a 52 week low of $10.68 and a 52 week high of $20.00. The stock has a 50-day moving average of $17.68 and a 200-day moving average of $15.28. The company has a market cap of $1.481 billion and a P/E ratio of 23.38.
W&T Offshore, Inc (NYSE:WTI) is an independent oil and natural gas producer, engaged in the acquisition, exploration and development of oil and natural gas properties primarily in the Gulf of Mexico and Texas.
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