W&T Offshore Inc. (NYSE:WTI) currently has a daily average trading volume of 2.84M but it saw 1423704 shares traded on Wednesday. With a market cap of 629.37M USD, stock’s current market price of $4.36 came falling about -0.46 while comparing to the previous closing price of $4.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.16 and as low as $3.57. In the recent trading on the day, stock has struck highest price mark of $4.445 while lowest mark touched by it was $4.31.
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Taking a look at 20-day trading activity of W&T Offshore Inc. (WTI) gives us an average price of $4.19, while its current price level is -52.40% below from 52-week high level whereas it is 22.13% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.61 while that of 200 days or SMA-200 reads an average of $5.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.86% during that period while stretching the period over a month that increases to 4.48%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 50.00 which implies that the stock is in neutral territory.
W&T Offshore Inc. (WTI)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $8.20 and $11.50 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $8.20 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $11.50. Average price target assigned by them is $9.85 which highlights an upside potential of 55.74% for the stock over that period. And to attain the median price target of $9.85 assigned by those analysts, stock has to add about 55.74% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, WTI’s stock price is moving 7.92% up while it is 0.69% when we observe its performance for the past one month. Year-to-date it is -21.86% down and over the past year, the stock is showing a downside performance of -25.85%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.02 beaten by the consensus estimate of -$0.01 for the same. The company is expected to be releasing its next quarterly report in 08/02/2023, for which analysts forecasted an EPS of $0.09 while estimate for next year EPS is $0.32. For WTI, analysts are forecasting an EPS-growth rate of -79.90% for current year and estimate for EPS growth in next year is 87.50%. In next quarter, company is expected to be making quarterly sales of $177.67 million as analysts are expecting the sales for current fiscal year at $649.6 million and seeing the company making $687 million in sales next year. Moreover, analysts are in estimates of $151.02 million for current-quarter revenue.
Currently, W&T Offshore Inc.’s total number of outstanding shares is 146.42M with 33.60% of that held by the insiders while 55.70% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 57.10% and return on equity (ROE) at -758.50%. It has a price to earnings ratio (P/E ratio) of 2.45 while having a 14.53 of forward P/E ratio. Stock’s beta reads 1.99. Stock has a price to book (P/B) ratio of 18.17 while price to sale or P/S ratio amounts to 0.73. Its return on asset (ROA) is 19.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that SPDR S&P Oil & Gas Exploration & came shrinking its share ownership by 1.87% in the W&T Offshore Inc. (WTI) increasing its stake to 3.49% with control over 93720.0 shares in the company. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.44% in the company and now holds 1.98 million or 1.35% of the company’s stake having worth of about 8.66 million.
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