Stock fact sheet · data as of
W&T Offshore, Inc. (WTI): fair value, margin of safety and Wheel Score
Ticker symbol WTI · Energy · Oil & Gas Exploration & Production · United States · Speculative
Is WTI undervalued?
W&T Offshore, Inc. (WTI) closed at 3.21 on 5 Nov 2026. The GLS average fair value - the simple average of the 3 valuation models that produced a positive number - is 9.52, which puts the price 66% below it. 2 of the 3 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
Only 3 of the nine models produced a value (DCF, 10 Cap, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files WTI under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for WTI
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 9.33 | +191% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 18.64 | +481% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 0.5886 | -82% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -5.92 | -284% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 4.25 | +32% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - WTI passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 4.0 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC -99.3%, ROE 75.1%, ROA -15.7% - with debt at -1.76 times equity and a free-cash-flow yield of 17.8%.
The dividend yield is 1.25% with a payout ratio of -12% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Oil and Condensate 71%, Natural Gas, Production 26%, Product and Service, Other 3% (quarter Q3 FY2026).
Institutional ownership scores 7/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | -99.3% |
|---|---|---|---|
| GLS Moat | 4.0 / 10 | ROE | 75.1% |
| Debt / equity | -1.76 | ROA | -15.7% |
| Free-cash-flow yield | 17.8% | Payout ratio | -12% |
| Institutions | 7 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 44: Weak
WTI scores 44 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 5, can repay its debt - 4.4 years to repay its debt (over 3); and filter 8, big enough - market cap $497M (under $1.0B); and filter 9, not a penny stock - price 3.21 (under $5), and the parts are thin too - value strong, premium good, moat fair, health fair, red flags fair, option trading fair, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 73% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is 15,549 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 5.7M shares a day on a market cap of $497M, with a beta of 0.30 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Fails | 4.4 years to repay its debt (over 3) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $497M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 3.21 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 66% below fair value | |
| Premium | Good | implied volatility 73% | |
| Moat | Fair | moat 4.0/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | Red Flags score 72/100 | |
| Option trading | Fair | 1,110 contracts a day, 15,549 open interest | |
| Stability | Fair | beta 0.30, $497M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for WTI in the nightly calendar. The shares go ex-dividend on 12 Nov 2026 (0.0100 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Exploration & Production
The 12 companies below are the closest to W&T Offshore, Inc. by market cap within the Oil & Gas Exploration & Production industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| EXCE EXCO Resources, Inc. | 24.01 | 21.82 | -10% | 14No options | $518M |
| SD SandRidge Energy, Inc. | 12.60 | 27.38 | +54% | 49Weak | $467M |
| EGY VAALCO Energy, Inc. | 5.40 | 2.45 | -120% | 37Weak | $568M |
| ZNOG Zion Oil & Gas, Inc. | 0.3500 | 0.0073 | -4680% | 12No options | $417M |
| GFR Greenfire Resources Ltd. | 5.66 | 26.74 | +79% | 30No options | $410M |
| GRNT Granite Ridge Resources, Inc | 4.63 | 4.45 | -4% | 26Weak | $611M |
| GPRK GeoPark Limited | 9.43 | 21.78 | +57% | 51Fair | $612M |
| OBE Obsidian Energy Ltd. | 9.21 | 2.75 | -235% | 31Weak | $615M |
| VTS Vitesse Energy, Inc. | 14.67 | 34.34 | +57% | 43Weak | $618M |
| GTE Gran Tierra Energy Inc. | 10.05 | 65.81 | +85% | 42Weak | $356M |
| TXO TXO Partners, L.P. | 13.09 | 34.48 | +62% | 42Weak | $726M |
| FTW Presidio Production Company | 10.01 | 4,946.19 | +100% | 48Weak | $315M |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about WTI
Is WTI undervalued right now?
By the GLS models, yes: at 3.21 the stock is 66% below the average fair value of 9.52 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of WTI and what does it mean?
WTI scores 44 out of 100 (Weak) - it fails Wheel Trade Filters 2, 4, 5, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for WTI?
9.52 per share as of 5 Nov 2026 - the simple average of the 3 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does W&T Offshore, Inc. report earnings next?
No upcoming earnings date is recorded for WTI in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does WTI have listed options, and how liquid are they?
Yes. The nightly snapshot found 30 listed contracts with 15,549 open interest across all expiries and implied volatility of 73% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.