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W&T Offshore Inc (WTI) stock analysis

WTINYSECrude Petroleum & Natural GasFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 8/3026% below fair value
$3.32+0.16 (+5.06%)

Close on Nov 12, 2026Market cap $514.25MP/E –Yield –

StockData Score

Prices as of Nov 12, 2026How the score works

Value3Growth1Performance1Health2Dividend1

Weak8 of 30 checks passed

W&T Offshore passes 8 of the 30 checks behind our score; 14 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
3/6
Growth
1/6
Past performance
1/6
Financial health
2/6
Dividend
1/6

What stands out

  • Margin of safety over 20%

    The price is 25.8% below fair value, more than the 20% cushion we look for.

  • Trading below fair value

    The share price of $3.32 is below our fair value estimate of $4.47.

  • Return on capital over 10%

    Return on invested capital was 198%, above the 10% that usually covers the cost of capital.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 28.0% of total debt.

What to watch

  • Revenue growing under 10% a year

    Revenue grew -18.3% a year over the last three fiscal years, short of the 10% we look for.

  • Elevated bankruptcy risk

    The Altman Z-score is -0.08; above 3 is the safe zone and below 1.8 the distress zone.

  • Guidance lowered

    W&T Offshore lowered its Full Year 2026 Gathering, transportation and production taxes ($MM) outlook on Oct 29, 2026.

  • EV/EBITDA above its 5-year median

    W&T Offshore's EV/EBITDA of 4.8 is above its 5-year median of 4.3.

Valuation3/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA above its 5-year median

    W&T Offshore's EV/EBITDA of 4.8 is above its 5-year median of 4.3.

  • P/S below the industry

    W&T Offshore's price-to-sales of 0.86 is below the Crude Petroleum and Natural Gas median of 1.70 (book value is negative, so we use sales).

  • Trading below fair value

    The share price of $3.32 is below our fair value estimate of $4.47.

  • Margin of safety over 20%

    The price is 25.8% below fair value, more than the 20% cushion we look for.

Growth1/6

  • Revenue growing under 10% a year

    Revenue grew -18.3% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 20.3% over the last twelve months; the Crude Petroleum and Natural Gas median is 8.9%.

  • Guidance lowered

    W&T Offshore lowered its Full Year 2026 Gathering, transportation and production taxes ($MM) outlook on Oct 29, 2026.

  • Gross margin trend

    This company does not report gross profit.

Past performance1/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on capital over 10%

    Return on invested capital was 198%, above the 10% that usually covers the cost of capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin below its 5-year average

    Net margin was -8.4% over the last twelve months, against a 5-year average of -5.2%.

  • Net margin below the industry

    W&T Offshore's net margin of -8.4% is below the Crude Petroleum and Natural Gas median of 4.5%.

Financial health2/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 28.0% of total debt.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets cover short-term debts

    Current assets are 1.31 times current liabilities.

  • Elevated bankruptcy risk

    The Altman Z-score is -0.08; above 3 is the safe zone and below 1.8 the distress zone.

Dividend1/6

  • Pays a dividend

    W&T Offshore paid dividends worth 1.2% of the share price over the last twelve months.

  • Yield below Treasuries

    The 1.2% yield is below the 4.6% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 3.9% or more; W&T Offshore yields 1.2%.

  • Dividend stability

    Fewer than five years of dividend history.

  • Earnings cover

    Needs dividends paid and net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$4.47

The share price is 26% below this estimate.

20%+ below
Near fair value
20%+ above
$3.32Price$4.47Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
EV/EBITDA4.9×4.3×5.5×$3.3970%
Earnings power7.8% cost of equity––$7.0030%
Fair value$4.47100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Crude Petroleum and Natural Gas median 10.3

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$15.45M
Value traded per 1% price move
$4.89M

Downside

High risk

Typical loss in a bad month
26.4%
Volatility (annualized)
83%
Sharpe ratio, 1 year
0.75
Beta to the S&P 500 (5Y)
0.56

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Operating margin

-10.5%−10.8 pts over 5 years

Net margin

-29.9%−40.8 pts over 5 years

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