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W&T Offshore

WTI
$3.51
+25%since Benson's first pick

Market price data through August 3, 2026.

Performance

Aug 2021Aug 2026

Benson's first pick
$0$4$7$10Aug 2021Oct 2022Feb 2024May 2025Aug 2026Benson picked · $3.14
Model signal
Buy
What Benson's model currently says about this stock.
Benson rating
3.9 / 5
Benson's overall conviction in this stock right now.
Risk
High risk
How bumpy the ride tends to be with this stock.

Track record

How this pick has done since Benson first called it.

Benson Return
+25%
How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
First pick price
~$3
Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
Tracking since
March 2026
The month this stock first became a Benson pick.
Tracking duration
4 months
How long Benson has been tracking this pick.

About W&T Offshore

W&T Offshore is an oil and natural gas company that has worked the Gulf of Mexico for over 40 years. Think of them as the house flippers of the energy world. They buy older offshore wells from giants like Exxon and Chevron, then squeeze more production out of them at a fraction of the cost of drilling new ones.

The case for and against

Both sides of the story, in plain English.

Bull case
  • Gas Goldmine

    Natural gas is becoming W&T's growth engine. Gas revenue jumped 58 percent in 2025, climbing from 91 million dollars to 144 million dollars as realized prices rose from 2.65 to 3.90 per unit. With 58 percent of their proven reserves in natural gas and AI data centers driving record electricity demand, this side of the business is in the right place at the right time.

  • Debt Diet

    W&T cut net debt by 74 million dollars in 2025, dropping from 284 million to 210 million. They ended the year with 141 million dollars in cash and 184 million dollars in total liquidity, giving them breathing room to ride out volatile oil prices. Net debt now sits at just 1.6 times annual cash flow, a healthy level for an energy company.

Bear case
  • Still Bleeding

    The company posted a 150 million dollar net loss for 2025, nearly double the 87 million dollar loss from 2024. Free cash flow nearly disappeared, falling from 45 million dollars to just 1.5 million as oil prices dropped from 75 to 64 dollars a barrel. Until oil rebounds or gas prices stay elevated, profitability will remain a struggle.

  • Oil Whiplash

    W&T's stock moves sharply with crude prices. Oil sold for just 57 dollars a barrel in the fourth quarter, dragging quarterly revenue and reserves lower. Operating exclusively in the Gulf of Mexico means hurricane season can shut down production for weeks, and they still carry 351 million dollars in total debt that needs to be serviced.

How to read this page

This automated research summary uses Financial Modeling Prep market data through 2026-08-03. Model signals, scores, and risk labels can change and may be incomplete or wrong.

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