W&T Offshore traded at $2.67 this Friday February 20th, increasing $0.05 or 1.91 percent since the previous trading session. Looking back, over the last four weeks, W&T Offshore gained 41.27 percent. Over the last 12 months, its price rose by 50.85 percent. Looking ahead, we forecast W&T Offshore to be priced at 2.54 by the end of this quarter and at 2.31 in one year, according to Trading Economics global macro models projections and analysts expectations.
W&T Offshore, Inc. is an independent oil and natural gas producer. The Company is engaged in exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. It has interests in approximately 41 offshore fields in federal and state waters. It has approximately 622,000 gross acres under lease including approximately 435,000 gross acres on the Gulf of Mexico Shelf and approximately 187,000 gross acres in the Gulf of Mexico deepwater. The Company's field includes Mississippi Canyon 243 (Matterhorn), Mississippi Canyon 582 (Medusa), Viosca Knoll 823 (Virgo), Viosca Knoll 783 (Tahoe/SE Tahoe), Ewing Bank 910, Ship Shoal 349 (Mahogany), Main Pass 108, Magnolia field, Fairway Field and Mobile Bay Field. The Mississippi Canyon 243 field is located approximately 100 miles southeast of New Orleans, Louisiana feet of water. The Mississippi Canyon 582 field is located approximately 110 miles south-southeast of New Orleans, Louisiana in 2,200 feet of water.