As of Friday close, W&T Offshore Inc.’s (NYSE:WTI) stock was down -$0.13, moving down -2.77 percent to $4.57. The average number of shares traded per day over the past five days has been 5,314,980 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.79 fall in that time frame. In the last twenty days, the average volume was 3,634,345, while in the previous 50 days, it was 3,017,512.
Since last month, WTI stock retreated -24.59%. Shares of the company fell to $4.38 on 03/17/23, the lowest level in the past month. A 52-week high of $9.16 was reached on 01/27/23 after having rallying from a 52-week low of $3.57. Since the beginning of this year, WTI’s stock price has dropped by -18.10% or -$1.01, and marked a new high 8 times. However, the stock has declined by -50.11% since its 52-week high.
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Sponsored
WTI stock investors should be aware that W&T Offshore Inc. (WTI) stock had its last reported insider trading activity 362 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.
Valuation Metrics
Right now, W&T Offshore Inc. (WTI) has a P/E ratio of about 2.87. The stock’s beta is 2.01. Besides these, the trailing price-to-sales (P/S) ratio of 0.72, the price-to-book (PB) ratio of 91.40, and the price-to-cash flow ratio of 1.95 may also be considered.
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 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 14.63, and the total debt-to-equity ratio was 91.24. On the profitability front, the trailing twelve-month gross margin is 75.60% percent. In the year ended September 29, operating margins totaled 49.30%. Based on annual data, WTI earned $661.46 million in gross profit and brought in $921.0 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 57.10%. Return on equity (ROE) for the past 12 months was -219.50%.
In W&T Offshore Inc.’s quarter-end financial report for September 29, it reported total debt of $111.19 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WTI’s revenue rose 12.71% to $266.49 million during the quarter, while net income inched up to $189.7 million. While analysts expected W&T Offshore Inc. to report $0.45 quarterly earnings, the actual figure was $0.46 per share, beating the consensus estimate by 2.20%. During the quarter, the company generated $91.68 million in EBITDA. The liabilities of W&T Offshore Inc. were 1.42 billion at the end of its most recent quarter ended September 29, and its total debt was $713.85 million. The value of shareholders’ equity is $146.46 million.
Technical Picture
This quick technical analysis looks at W&T Offshore Inc.’s (WTI) price momentum. With a historical volatility rate of 52.51%, the RSI 9-day stood at 25.19% on 17 March.
With respect to its five-day moving average, the current W&T Offshore Inc. price is down by -14.74% percent or -$0.79. At present, WTI shares trade -22.67% below its 20-day simple moving average and -38.82% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.43% below its SMA50 and -32.10% below its SMA200.
Stochastic coefficient K was 10.77% and Stochastic coefficient D was 10.46%, while ATR was 0.37. Given the Stochastic reading of 9.79% for the 14-day period, the RSI (14) reading has been calculated as 31.61%. As of today, the MACD Oscillator reading stands at -0.52, while the 14-day reading stands at -0.79.
With a median target price of $10.20, the current consensus forecast for the stock is $8.90 – $11.50. Based on these forecasts, analysts predict W&T Offshore Inc. (WTI) will achieve an average price target of $10.20.