W&T OffshoreWTI
WTI
About: W&T Offshore Inc is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it drills for oil and gas. The company engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of company's revenue, with natural gas accounting for a much smaller portion.
Employees: 395
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
1.11% more ownership
Funds ownership: 35.05% [Q3] → 36.16% (+1.11%) [Q4]
7% less funds holding
Funds holding: 138 [Q3] → 128 (-10) [Q4]
18% less capital invested
Capital invested by funds: $111M [Q3] → $91.4M (-$19.4M) [Q4]
22% less call options, than puts
Call options by funds: $531K | Put options by funds: $682K
23% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 31
37% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 52
Research analyst outlook
We haven’t received any recent analyst ratings for WTI.
Financial journalist opinion
Based on 3 articles about WTI published over the past 30 days
Neutral
GlobeNewsWire
2 days ago
W&T Offshore Announces Timing of Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
HOUSTON, Feb. 19, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (“W&T” or the “Company”) (NYSE: WTI) today announced the timing of its fourth quarter and full year 2024 earnings release and conference call.
Neutral
GlobeNewsWire
3 weeks ago
W&T Offshore Announces Closing of $350 Million Senior Second Lien Notes Offering And Additional Strengthening of Balance Sheet
HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T Offshore” or the “Company”) today announced the closing, on January 28, 2025, of its previously announced offering of $350 million in aggregate principal amount of 10.750% Senior Second Lien Notes due 2029 (the “Notes”) at par in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and receipt of proceeds from a previously-announced insurance settlement. In conjunction with the issuance of the Notes, the Company entered into a credit agreement with certain lenders and other parties which provides the Company a revolving credit facility of $50 million.
Neutral
GlobeNewsWire
3 weeks ago
W&T Offshore Announces Initial Results of Cash Tender Offer and Consent Solicitation
HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced today the initial results of its previously announced cash tender offer (the “Tender Offer”) relating to any and all of its outstanding 11.750% senior second lien notes due 2026 (the “2026 Senior Second Lien Notes”) pursuant to its Offer to Purchase and Consent Solicitation dated January 13, 2025 (the “Offer to Purchase”). In conjunction with the Tender Offer, the Company also solicited consents (the “Consent Solicitation”) from the holders of the 2026 Senior Second Lien Notes for the adoption of proposed amendments (the “Proposed Amendments”), which, among other things, eliminated substantially all of the restrictive covenants, as well as various events of default and related provisions contained in the indenture governing the 2026 Senior Second Lien Notes (the “Indenture”).
Neutral
GlobeNewsWire
1 month ago
W&T Offshore Prices $350 Million Senior Second Lien Notes Offering
HOUSTON, Jan. 14, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T Offshore” or the “Company”) today announced the pricing of its previously announced offering of $350 million in aggregate principal amount of 10.750% senior second lien notes due 2029 (the “Notes”) at par in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The closing of the offering of the Notes is expected to occur on January 28, 2025, subject to customary closing conditions.
Neutral
GlobeNewsWire
1 month ago
W&T Offshore Commences Cash Tender Offer and Consent Solicitation
HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced today that it has commenced a cash tender offer (the “Tender Offer”) for any and all of the outstanding $275 million aggregate principal amount of its 11.750% Senior Second Lien Notes due 2026 (the “2026 Senior Second Lien Notes”), subject to certain conditions, including the issuance and sale of $350 million in aggregate principal amount of senior second lien notes due 2029 (the “Notes”).
Neutral
GlobeNewsWire
1 month ago
W&T Offshore Announces Proposed Senior Second Lien Notes Offering
HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T Offshore” or the “Company”) today announced its intention to offer, subject to market and other conditions, $350 million in aggregate principal amount of senior second lien notes due 2029 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).
Neutral
GlobeNewsWire
1 month ago
W&T Offshore Provides Updates on Recent Developments
HOUSTON, Jan. 08, 2025 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today provided operational and financial updates on recent developments.
Positive
Seeking Alpha
2 months ago
W&T: M&A Activities And Drilling Efficiency Improvements Could Enhance The Total Valuation
W&T Offshore's significant debt reduction and positive cash flow make it an appealing investment, with potential for inorganic growth through acquisitions in the Gulf of Mexico. Efficiency improvements and exploration activities are expected to increase proven reserves and enhance cash flow, despite risks from geographic concentration and oil price fluctuations. The company's valuation appears conservative, with a potential fair price of $6.11 per share, indicating significant undervaluation at current market prices.
Neutral
Business Wire
2 months ago
Texas Oil Company Asks Federal Court to Stop Insurance Companies' $250 Million Demand for Additional Collateral
HOUSTON--(BUSINESS WIRE)--An independent Texas oil and gas producer is striking back against a group of insurance companies, which collectively are seeking $250 million in collateral beyond what the oil company has already contracted for bonds backing its production activities. The energy company, Houston-based W&T Offshore, Inc. (NYSE: WTI), is asking a federal judge to declare insurers have colluded to damage the company by jointly demanding additional collateral and premiums. At the hear.
Negative
Seeking Alpha
3 months ago
W&T Offshore: Unlocking Value From Deleveraging
The previous decade was tough for W&T Offshore, as they battled to deleverage whilst enduring oil price booms and busts. Thankfully there is a light at the end of the proverbial tunnel once their senior notes are hopefully repaid in early 2026. These incur a very high 11.75% interest rate, which is hindering their free cash flow and thus dividends.
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