Why These Energy Stocks Are Gaining This Week

3. W&T Offshore, Inc. (NYSE:WTI)

Share Price Gains Between June 5 – June 12: 21.25%

W&T Offshore, Inc. (NYSE:WTI) is an independent oil and natural gas producer, active in the exploration, development, and acquisition of oil and natural gas in the Gulf of America.

W&T Offshore, Inc. (NYSE:WTI) remains a solid company due to its operational resilience and prudent asset management. Moreover, the company maintains a healthy balance sheet with a cash level of $106 million, enough to sustain its operations and dividend payments. The stock has also benefited from the sharp surge in the price of crude oil, which has increased by almost 18% over the last week at the time of writing this piece.

Moreover, it was announced this week that W&T Offshore, Inc. (NYSE:WTI) has appointed Mr. John D. Buchanan as Presiding Director for 2025. The industry veteran boasts over 30 years of experience as a seasoned oil and gas, commercial and banking attorney, in addition to his prior service as a military officer.