W&T Offshore
Market Cap
US$434.8m
Last Updated
2021/02/24 23:06 UTC
Data Sources
Company Financials +
Executive Summary
W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 33.9% per year for the next 3 years
+ 1 more risk
Snowflake Analysis
Good value with poor track record.
Similar Companies
Share Price & News
How has W&T Offshore's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WTI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: WTI's weekly volatility (11%) has been stable over the past year.
Market Performance
7 Day Return
9.3%
WTI
5.9%
US Oil and Gas
-1.4%
US Market
1 Year Return
13.1%
WTI
28.5%
US Oil and Gas
37.1%
US Market
Return vs Industry: WTI exceeded the US Oil and Gas industry which returned -0.9% over the past year.
Return vs Market: WTI underperformed the US Market which returned 34.1% over the past year.
Shareholder returns
| WTI | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.3% | 5.9% | -1.4% |
| 30 Day | 32.8% | 24.7% | 1.6% |
| 90 Day | 54.0% | 46.1% | 7.3% |
| 1 Year | 13.1%13.1% | 37.4%28.5% | 40.2%37.1% |
| 3 Year | -15.7%-15.7% | 11.1%-4.6% | 62.5%52.1% |
| 5 Year | 25.2%25.2% | 29.4%4.8% | 133.9%108.0% |
Long-Term Price Volatility Vs. Market
How volatile is W&T Offshore's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Here's Why We Don't Think W&T Offshore's (NYSE:WTI) Statutory Earnings Reflect Its Underlying Earnings Potential2 months ago | Simply Wall St
How Does W&T Offshore's (NYSE:WTI) CEO Pay Compare With Company Performance?3 months ago | Simply Wall St
W&T Offshore's (NYSE:WTI) Stock Price Has Reduced 59% In The Past YearValuation
Is W&T Offshore undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WTI ($3.28) is trading below our estimate of fair value ($9.13)
Significantly Below Fair Value: WTI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WTI is good value based on its PE Ratio (8.3x) compared to the US Oil and Gas industry average (9.9x).
PE vs Market: WTI is good value based on its PE Ratio (8.3x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: WTI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WTI has negative assets, so we can't compare its PB Ratio to the US Oil and Gas industry average.
Next Steps
Future Growth
How is W&T Offshore forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-33.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WTI's earnings are forecast to decline over the next 3 years (-33.9% per year).
Earnings vs Market: WTI's earnings are forecast to decline over the next 3 years (-33.9% per year).
High Growth Earnings: WTI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WTI's revenue (9.6% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: WTI's revenue (9.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if WTI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has W&T Offshore performed over the past 5 years?
76.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WTI has a large one-off gain of $47.5M impacting its September 30 2020 financial results.
Growing Profit Margin: WTI's current net profit margins (13.9%) are lower than last year (37.3%).
Past Earnings Growth Analysis
Earnings Trend: WTI has become profitable over the past 5 years, growing earnings by 76% per year.
Accelerating Growth: WTI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WTI had negative earnings growth (-71.5%) over the past year, making it difficult to compare to the Oil and Gas industry average (-35.8%).
Return on Equity
High ROE: WTI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is W&T Offshore's financial position?
Financial Position Analysis
Short Term Liabilities: WTI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: WTI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: WTI has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: WTI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: WTI's debt is well covered by operating cash flow (25.7%).
Interest Coverage: WTI's interest payments on its debt are not well covered by EBIT (0.7x coverage).
Balance Sheet
Next Steps
Dividend
What is W&T Offshore current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WTI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WTI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WTI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WTI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: WTI is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WTI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.7yrs
Average management tenure
CEO
Tracy Krohn (65 yo)
38.08yrs
Tenure
US$5,341,858
Compensation
Mr. Tracy W. Krohn Co-Founded W&T Offshore Inc., in 1983 and has been its Chief Executive Officer and President since 1983 and March 9, 2017 respectively. Mr. Krohn served as President and Treasurer of W&T...
CEO Compensation Analysis
Compensation vs Market: Tracy's total compensation ($USD5.34M) is above average for companies of similar size in the US market ($USD1.53M).
Compensation vs Earnings: Tracy's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 38.08yrs | US$5.34m | 33.74% $ 146.7m | |
| Executive VP & CFO | 2.5yrs | US$1.00m | 0.032% $ 140.6k | |
| Senior VP & CTO | 8.67yrs | US$1.04m | 0.20% $ 879.7k | |
| VP, General Counsel & Corporate Secretary | 3.92yrs | US$886.98k | 0.070% $ 304.6k | |
| Executive VP & GM of Gulf of Mexico | 2.25yrs | US$1.00m | 0.074% $ 321.0k | |
| Investor Relations Coordinator | no data | no data | no data | |
| Vice President of Marketing & Midstream | 14.5yrs | no data | no data | |
| VP & Treasurer | 14.58yrs | no data | no data |
8.7yrs
Average Tenure
57yo
Average Age
Experienced Management: WTI's management team is seasoned and experienced (8.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 38.08yrs | US$5.34m | 33.74% $ 146.7m | |
| Independent Director | 15.08yrs | US$214.50k | 0.14% $ 588.5k | |
| Independent Director | 15.92yrs | US$217.00k | 0.20% $ 867.4k | |
| Independent Presiding Director | 5.17yrs | US$221.50k | 0.20% $ 879.4k | |
| Independent Director | 11.75yrs | US$223.00k | 0.16% $ 709.2k |
15.1yrs
Average Tenure
65yo
Average Age
Experienced Board: WTI's board of directors are seasoned and experienced ( 15.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
W&T Offshore, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: W&T Offshore, Inc.
- Ticker: WTI
- Exchange: NYSE
- Founded: 1983
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$434.786m
- Shares outstanding: 141.62m
- Website: https://www.wtoffshore.com
Number of Employees
Location
- W&T Offshore, Inc.
- Nine Greenway Plaza
- Suite 300
- Houston
- Texas
- 77046-0908
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UWV | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 2005 |
| WTI | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 2005 |
Biography
W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oi...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 23:06 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.