W&T Offshore Inc. (NYSE:WTI) saw a downside of -2.58% to close Tuesday at $6.05 after subtracting -$0.16 on the day. The 5-day average trading volume is 2,569,920 shares of the company’s common stock. It has gained $6.45 in the past week and touched a new high 1 time within the past 5 days. An average of 2,623,055 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,877,480.
WTI’s 1-month performance is 8.42% or $0.32 on its low of $4.89 reached on 01/04/23. The company’s shares have touched a 52-week low of $3.57 and high of $9.16, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, WTI has achieved 8.42% or $0.47 and has reached a new high 6 times. However, the current price is down -33.95% from the 52-week high price.
WTI stock investors last saw insider trading activity on Mar 21.Ghauri Shahid () most recently sold 116,411 shares at $4.50 per share on Mar 21. This transaction cost the insider $523,850.
WTI stock has a beta of 2.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.95 while the price to cash flow ratio at 2.56.
W&T Offshore Inc.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 1.60.. In terms of profitability, the gross margin trailing 12 months is 77.60%. The firm’s gross profit as reported stood at $355.51 million against revenue of $558.01 million.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 156.89% to $66.72 million, while revenue of $123.44 million was -85.01% off the previous quarter. Analysts expected WTI to announce $0.36 per share in earnings in its latest quarter, but it posted $0.85, representing a 136.10% surprise. EBITDA for the quarter stood at more than $173.98 million. WTI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.55 billion, with total debt at $721.56 million. Shareholders hold equity totaling $143.16 million.
Let’s look briefly at W&T Offshore Inc. (WTI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 57.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 53.92%.
The stock’s 5-day moving average is $6.05, reflecting a -2.73% or -$0.17 change from its current price. WTI is currently trading +9.80% above its 20-day SMA, -3.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.43% and SMA200 by+45.08%.
Stochastic %K and %D was 79.06% and 76.21% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 53.59%, while the 14-day stochastic is at 74.36% with the period’s ATR at 0.33. The stock’s 9-day MACD Oscillator is pointing at 0.13 and 0.38 on the 14-day charts.
Analysts offering their rating for WTI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate WTI as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is WTI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.00 and a high of $10.00, with their median price target at $9.50. Looking at these predictions, the average price target given by analysts is for W&T Offshore Inc. (WTI) stock is $9.50.