NYSE:WTI

Stock Analysis Report

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.

Snowflake

Fundamentals

Proven track record and fair value.


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


Market Performance


7 Day Return

0.5%

WTI

0.8%

US Oil and Gas

0.6%

US Market


1 Year Return

-42.8%

WTI

-21.8%

US Oil and Gas

6.2%

US Market

Return vs Industry: WTI underperformed the US Oil and Gas industry which returned -21.8% over the past year.

Return vs Market: WTI underperformed the US Market which returned 6.2% over the past year.


Share holder returns

WTIIndustryMarket
7 Day0.5%0.8%0.6%
30 Day-9.1%-3.2%-1.8%
90 Day-12.6%-9.9%-2.0%
1 Year-42.8%-42.8%-18.9%-21.8%8.6%6.2%
3 Year172.3%172.3%-6.1%-14.4%45.7%36.3%
5 Year-54.6%-55.1%-21.2%-32.1%68.5%50.0%

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

Valuation

Is W&T Offshore undervalued based on future cash flows and its price relative to the stock market?

32%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: WTI ($4.22) is trading below our estimate of fair value ($6.2)

Significantly Undervalued: WTI is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: WTI is good value based on its PE Ratio (3.5x) compared to the Oil and Gas industry average (9.9x).

PE vs Market: WTI is good value based on its PE Ratio (3.5x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: WTI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price Based on Value of Assets

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 expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

-79.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: WTI's earnings are forecast to decline over the next 3 years (-79.6% per year).

Earnings vs Market: WTI's earnings are forecast to decline over the next 3 years (-79.6% per year).

High Growth Earnings: WTI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: WTI's revenue (8.3% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: WTI's revenue (8.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High 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?

45.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WTI's earnings have grown significantly by 45.1% per year over the past 5 years.

Accelerating Growth: WTI's earnings growth over the past year (102.3%) exceeds its 5-year average (45.1% per year).

Earnings vs Industry: WTI earnings growth over the past year (102.3%) exceeded the Oil and Gas industry 22.6%.


Return on Equity

High ROE: WTI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: WTI has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: WTI's Return on Capital Employed has declined over the past 3 years.


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 (49.3%).

Interest Coverage: WTI's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet

Inventory Level: WTI has a high level of physical assets or inventory.

Debt Coverage by Assets: WTI has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Next Steps

Dividend

What is W&T Offshore's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage3.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate WTI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate WTI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

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 .


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

What is the CEO of W&T Offshore's salary, the management and board of directors tenure and is there insider trading?

7.3yrs

Average management tenure


CEO

Tracy Krohn (64yo)

36.8yrs

Tenure

US$6,379,347

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 ($USD6.38M) is about average for companies of similar size in the US market ($USD1.86M).

Compensation vs Earnings: Tracy's compensation has increased by more than 20% in the past year.


Management Age and Tenure

7.3yrs

Average Tenure

56yo

Average Age

Experienced Management: WTI's management team is seasoned and experienced (7.3 years average tenure).


Board Age and Tenure

13.8yrs

Average Tenure

64yo

Average Age

Experienced Board: WTI's board of directors are seasoned and experienced ( 13.8 years average tenure).


Insider Trading

Insider Buying: WTI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$41,20029 Aug 19
William Williford
EntityIndividual
Role
Senior Key Executive
Executive VP & GM of Gulf of Mexico
Shares10,000
Max PriceUS$4.12
SellUS$20,56729 Aug 19
William Williford
EntityIndividual
Role
Senior Key Executive
Executive VP & GM of Gulf of Mexico
Shares5,041
Max PriceUS$4.08
SellUS$58,18526 Aug 19
David Bump
EntityIndividual
Shares13,500
Max PriceUS$4.31
BuyUS$406,00026 Aug 19
Tracy Krohn
EntityIndividual
Role
Chief Executive Officer
Founder
Shares100,000
Max PriceUS$4.06
BuyUS$65,37219 Aug 19
Tracy Krohn
EntityIndividual
Role
Chief Executive Officer
Founder
Shares14,925
Max PriceUS$4.38
BuyUS$94,08816 Aug 19
Tracy Krohn
EntityIndividual
Role
Chief Executive Officer
Founder
Shares22,563
Max PriceUS$4.17
BuyUS$96,10512 Aug 19
Tracy Krohn
EntityIndividual
Role
Chief Executive Officer
Founder
Shares21,500
Max PriceUS$4.47
BuyUS$8,30708 Aug 19
Shahid Ghauri
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares1,850
Max PriceUS$4.49
BuyUS$24,60006 Aug 19
Shahid Ghauri
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares6,000
Max PriceUS$4.10
BuyUS$927,39815 Jul 19
Tracy Krohn
EntityIndividual
Role
Chief Executive Officer
Founder
Shares200,300
Max PriceUS$4.66
BuyUS$69,75012 Jul 19
Tracy Krohn
EntityIndividual
Role
Chief Executive Officer
Founder
Shares15,000
Max PriceUS$4.65
BuyUS$30,38010 Jun 19
Virginia Boulet
EntityIndividual
Role
Member of the Board of Directors
Director
Shares7,000
Max PriceUS$4.34
BuyUS$51,00007 May 19
Stuart Katz
EntityIndividual
Role
Lead Director
Presiding Director
Shares10,000
Max PriceUS$5.10
BuyUS$65,07021 Mar 19
B. Stanley
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$6.51
BuyUS$42,07015 Mar 19
Shahid Ghauri
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares7,000
Max PriceUS$6.01
SellUS$54,00007 Mar 19
David Bump
EntityIndividual
Shares10,000
Max PriceUS$5.40
BuyUS$4,65019 Dec 18
Shahid Ghauri
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares1,000
Max PriceUS$4.65
BuyUS$6,14006 Dec 18
Virginia Boulet
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$6.14

Ownership Breakdown


Management Team

  • Tracy Krohn (64yo)

    Founder

    • Tenure: 36.8yrs
    • Compensation: US$6.38m
  • Stephen Schroeder (56yo)

    Senior VP & CTO

    • Tenure: 7.3yrs
    • Compensation: US$968.72k
  • Todd Grabois (59yo)

    VP & Treasurer

    • Tenure: 13.3yrs
  • Shahid Ghauri (50yo)

    VP, General Counsel & Corporate Secretary

    • Tenure: 2.6yrs
    • Compensation: US$934.24k
  • W. Tate

    Vice President of Marketing & Midstream

    • Tenure: 13.2yrs
  • Janet Yang

    Executive VP & CFO

    • Tenure: 1.2yrs
    • Compensation: US$729.55k
  • William Williford (46yo)

    Executive VP & GM of Gulf of Mexico

    • Tenure: 0.9yrs
    • Compensation: US$969.59k
  • Al Petrie

    Investor Relations Coordinator

    • Tenure: 0yrs

Board Members

  • S. Nelson (77yo)

    Director

    • Tenure: 13.8yrs
    • Compensation: US$223.50k
  • Virginia Boulet (65yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: US$224.50k
  • Stuart Katz (64yo)

    Presiding Director

    • Tenure: 3.8yrs
    • Compensation: US$229.00k
  • Tracy Krohn (64yo)

    Founder

    • Tenure: 36.8yrs
    • Compensation: US$6.38m
  • B. Stanley (64yo)

    Director

    • Tenure: 10.4yrs
    • Compensation: US$232.00k

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$593.194m
  • Shares outstanding: 140.57m
  • Website: https://www.wtoffshore.com

Number of Employees


Location

  • W&T Offshore, Inc.
  • Nine Greenway Plaza
  • Suite 300
  • Houston
  • Texas
  • 77046
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UWVDB (Deutsche Boerse AG)YesCommon StockDEEURJan 2005
WTINYSE (New York Stock Exchange)YesCommon StockUSUSDJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 00:47
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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