What Are The Risk Factors For W&T Offshore Inc. (WTI)?

As of Friday close, W&T Offshore Inc.’s (NYSE:WTI) stock was up $0.41, moving up 8.04 percent to $5.51. The average number of shares traded per day over the past five days has been 4,603,120 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.14 fall in that time frame. In the last twenty days, the average volume was 5,333,740, while in the previous 50 days, it was 5,572,466.

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Since last month, WTI stock rose 28.74%. Shares of the company fell to $4.24 on 04/14/22, the lowest level in the past month. A 52-week high of $6.68 was reached on 03/07/22 after having rallying from a 52-week low of $2.64. Since the beginning of this year, WTI’s stock price has risen by 70.59% or $2.28, and marked a new high 18 times. However, the stock has declined by -17.51% since its 52-week high.

W&T Offshore Inc. (WTI) last reported insider trading activity 54 days ago on Mar 21. Ghauri Shahid, the of the company, disposed of 116,411 shares for $4.50 on Mar 21. It resulted in a $523,850 divestment by the insider. BOULET VIRGINIA added 14,000 shares at an average price of $3.24 on Aug 05. The insider now owns 317,335 shares following the transaction.

Valuation Metrics

The latest dividend of $0.10 per share was paid out, remained unchanged from last year’s $0.10.

Financial Health

In the three months ended September 29, W&T Offshore Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 71.80% percent. In the year ended September 29, operating margins totaled 43.70%. Based on annual data, WTI earned $355.51 million in gross profit and brought in $558.01 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 40.90%. Return on equity (ROE) for the past 12 months was 16.40%.

In W&T Offshore Inc.’s quarter-end financial report for September 29, it reported total debt of $680.44 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WTI’s revenue rose 34.21% to $165.59 million during the quarter, while net income inched up to $191.0 million. While analysts expected W&T Offshore Inc. to report -$0.09 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated $131.14 million in EBITDA. The liabilities of W&T Offshore Inc. were 1.6 billion at the end of its most recent quarter ended September 29, and its total debt was $754.41 million. The value of shareholders’ equity is $143.01 million.

Technical Picture

This quick technical analysis looks at W&T Offshore Inc.’s (WTI) price momentum. With a historical volatility rate of 128.38%, the RSI 9-day stood at 61.03% on 13 May.

With respect to its five-day moving average, the current W&T Offshore Inc. price is down by -2.48% percent or -$0.14. At present, WTI shares trade +25.23% above its 20-day simple moving average and +78.90% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.76% above its SMA50 and +32.45% above its SMA200.

Stochastic coefficient K was 53.85% and Stochastic coefficient D was 44.44%, while ATR was 0.46. Given the Stochastic reading of 69.90% for the 14-day period, the RSI (14) reading has been calculated as 59.26%. As of today, the MACD Oscillator reading stands at -0.07, while the 14-day reading stands at 0.13.

Analyst Ratings

Stifel upgraded its rating on W&T Offshore Inc. (NYSE: WTI) to a Buy in a note to investors on October 20, 2021. The analysts firm previously had a Hold rating on the stock.W&T Offshore Inc. (WTI) has been rated Buy by analysts. According to 0 brokerage firms, WTI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate W&T Offshore Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $8.10, the current consensus forecast for the stock is $6.50 – $9.70. Based on these forecasts, analysts predict W&T Offshore Inc. (WTI) will achieve an average price target of $8.10.


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