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W&T Offshore (NYSE:WTI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has a $14.70 price target on the stock. Zacks‘ target price suggests a potential upside of 2.80% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Capital One Financial Corp. downgraded shares of W&T Offshore from an “add” rating to a “neutral” rating in a research note to investors on Friday, November 29th. Analysts at Global Hunter Securities raised their price target on shares of W&T Offshore from $21.00 to $23.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. W&T Offshore currently has a consensus rating of “Hold” and a consensus target price of $18.84.

Shares of W&T Offshore (NYSE:WTI) traded up 2.45% during mid-day trading on Tuesday, hitting $14.65. The stock had a trading volume of 208,385 shares. W&T Offshore has a one year low of $10.68 and a one year high of $20.43. The stock has a 50-day moving average of $15.54 and a 200-day moving average of $16.82. The company has a market cap of $1.102 billion and a P/E ratio of 13.53.

W&T Offshore (NYSE:WTI) last announced its earnings results on Wednesday, November 6th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.04. The company had revenue of $244.60 million for the quarter, compared to the consensus estimate of $240.93 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 31.5% on a year-over-year basis. Analysts expect that W&T Offshore will post $0.98 EPS for the current fiscal year.

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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