Roth MKM Issues a Buy Rating on W&T Offshore (WTI)

In a report released on July 2, John M. White from Roth MKM assigned a Buy rating to W&T Offshore, with a price target of $10.00. The company’s shares closed last Thursday at $1.77.

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According to TipRanks, M. White is an analyst with an average return of -2.1% and a 41.54% success rate. M. White covers the Energy sector, focusing on stocks such as Vitesse Energy, Inc., Northern Oil And Gas, and Ring Energy.

The analyst consensus on W&T Offshore is currently a Hold rating.

Based on W&T Offshore’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $129.87 million and a GAAP net loss of $30.58 million. In comparison, last year the company earned a revenue of $140.79 million and had a GAAP net loss of $11.47 million