|Bid||7.10 x 4000|
|Ask||0.00 x 800|
|Day's Range||6.95 - 7.28|
|52 Week Range||1.81 - 8.92|
|PE Ratio (TTM)||12.27|
|Earnings Date||Aug 1, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.42|
The recent slide in oil prices started on May 22 and accelerated on the 25th after news that Russia and OPEC may increase production sooner than expected in 2018. WTI was trading at a significant discount ($65.52) to Brent crude prices ($75.38) at the close on Tuesday and was even wider last week. The current ratio between the two benchmark prices (around a 13% discount) hasn't been this wide since February 2016, which was a major bullish turning point for oil prices.
To conclude our overview of the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the companies with the strongest gains in 2018. The median price target for WTI is $6.00, which is ~28% lower than the May 22 closing price of $8.34. As of May 22, Reuters reported seven analysts having recommendations on California Resources (CRC).
This Wednesday, WallStEquities.com has initiated reports coverage on the following Oil & Gas Drilling & Exploration equities: Tellurian Inc. (NASDAQ: TELL), Transocean Ltd (NYSE: RIG), Unit Corp. (NYSE: UNT), and W&T Offshore Inc. (NYSE: WTI). All you have to do is sign up today for this free limited time offer by clicking the link below.
In 2018, W&T Offshore (WTI) is turning out to be the best-performing energy stock from the oil and gas production—or upstream—sector in the US. W&T Offshore is an offshore oil and gas production company with a primary focus on the Gulf of Mexico in the US. Year-to-date in 2018, WTI increased from its 2017 close of $3.31 to $8.34, a big increase of ~152%.
In Q1 2018, 12 hedge funds bought W&T Offshore (WTI) stock, and 23 hedge funds sold WTI stock. Thus, in Q1 2018, total selling hedge funds outnumbered total buying hedge funds by 11. As of March 31, 31 hedge funds held WTI in their portfolio. Out of these, only one hedge fund has WTI in its top ten holdings.
Oil pipeline bottleneck and labor shortage compel ConocoPhillips (COP) to give more importance to Eagle Ford shale play than crowded Permian.
The volume of U.S. crude oil arriving in Asia is expected to hit a new high in July as Asian refiners sought arbitrage supplies to replace Middle Eastern crude after prices for Gulf grades rose, traders said on Wednesday. U.S. crude arriving in Asia hit an all-time high of close to 25 million barrels in May with cargoes discharging in China, South Korea, Singapore, India and Malaysia, according to trade flows data on Eikon.
Since nearly 60% of Bonanza Creek's (BCEI) production comprises oil, the favorable crude pricing environment is highly favorable for the firm.
Ensco (ESV) has the capability to conduct drilling of Colter and Wick wells safely and outperform its customer Corallian Energy's expectations.
The Zacks Analyst Blog Highlights: Turtle Beach, W&T Offshore, Profire Energy, Axon Enterprise and Tenet Healthcare
Crude oil continues to trend upward and is hitting its highest levels since 2014. This is a product of several international events including the renewed sanctions on Iran and the recent bombing of Syria. The big question now is whether oil can keep going.
NEW YORK, May 08, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Park ...
The Houston-based company said it had profit of 19 cents per share. The independent oil and gas company posted revenue of $134.2 million in the period. W&T shares have more than doubled since the beginning ...
HOUSTON , May 2, 2018 /PRNewswire/ -- W&T Offshore, Inc. (NYSE: WTI) today reported its first quarter 2018 operational and financial results and second quarter and revised full year 2018 production and ...
Warren Buffett explains why Berkshire Hathaway decided that it wanted to own less than 10% of Phillips 66, Wells Fargo, American Airlines, and most other companies it invests in.