As of Thursday close, W&T Offshore Inc.’s (NYSE:WTI) stock was up $0.18, moving up 4.57 percent to $4.12. The average number of shares traded per day over the past five days has been 2,509,640 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.08 fall in that time frame. In the last twenty days, the average volume was 2,143,480, while in the previous 50 days, it was 2,084,020.
Since last month, WTI stock rose 6.74%. Shares of the company fell to $3.62 on 07/06/23, 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 $3.62. Since the beginning of this year, WTI’s stock price has dropped by -26.16% or -$1.46, and marked a new high 8 times. However, the stock has declined by -55.02% since its 52-week high.
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Valuation Metrics
Right now, W&T Offshore Inc. (WTI) has a P/E ratio of about 2.31. The stock’s beta is 1.99. Besides these, the trailing price-to-sales (P/S) ratio of 0.69, the price-to-book (PB) ratio of 17.17, and the price-to-cash flow ratio of 2.09 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 June 29, W&T Offshore Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 10.70, and the total debt-to-equity ratio was 11.59. On the profitability front, the trailing twelve-month gross margin is 71.40% percent. In the year ended June 29, EBITDA margin amounted to 63.81%, whereas operating margins totaled 42.60%. 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 -758.50%.
In W&T Offshore Inc.’s quarter-end financial report for June 29, it reported total debt of $373.02 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 fell -117.0% to $131.73 million during the quarter, while net income inched up to $126.18 million. While analysts expected W&T Offshore Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.08 per share. During the quarter, the company generated $37.08 million in EBITDA. The liabilities of W&T Offshore Inc. were 1.08 billion at the end of its most recent quarter ended June 29, and its total debt was $403.57 million. The value of shareholders’ equity is $146.48 million.
Technical Picture
This quick technical analysis looks at W&T Offshore Inc.’s (WTI) price momentum. With a historical volatility rate of 64.77%, the RSI 9-day stood at 48.61% on 03 August.
With respect to its five-day moving average, the current W&T Offshore Inc. price is down by -1.90% percent or -$0.08. At present, WTI shares trade +10.16% above its 20-day simple moving average and -23.13% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.94% below its SMA50 and -41.14% below its SMA200.
Stochastic coefficient K was 52.71% and Stochastic coefficient D was 67.22%, while ATR was 0.21. Given the Stochastic reading of 53.12% for the 14-day period, the RSI (14) reading has been calculated as 50.07%. As of today, the MACD Oscillator reading stands at -0.12, while the 14-day reading stands at -0.06.
Analyst Ratings
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 $9.70, the current consensus forecast for the stock is $7.90 – $11.50. Based on these forecasts, analysts predict W&T Offshore Inc. (WTI) will achieve an average price target of $9.70.
