W&T Offshore Inc. (NYSE:WTI) finished Thursday with a subtraction of -$0.15 to close at $4.04, a downside of -3.58 percent. An average of 2,137,980 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 2,117,365 shares traded, while the 50-day average volume stands at 2,093,206.
WTI stock has decreased by -1.46% in the last month. The company shares reached their 1-month lowest point of $3.78 on 08/02/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $3.62 and a high of $9.16 in 52 weeks. It has reached a new high 8 times so far this year and lost -27.60% or -$1.54 in price. In spite of this, the price is down -55.90% from the 52-week high.
Valuation Metrics
W&T Offshore Inc. (WTI) has a trailing price-to-earnings (P/E) ratio of 4.77. The stock’s beta is 1.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.82, the price-to-book (PB) ratio at 16.83, and the price-to-cash flow ratio at 2.39.
Financial Health
The quick ratio of W&T Offshore Inc. for the three months ended June 29 was 1.50, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 10.70 and a total debt to equity ratio of 11.59 for the quarter ending June 29. W&T Offshore Inc.’s EBITDA margin for the year ending June 29 is 63.81%, while its operating margin for the same period stands at 63.60%. Its gross profit as reported stood at $661.46 million compared to revenue of $921.0 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, W&T Offshore Inc.’s return on assets was 16.90%.
Earnings Surprise
For the three-month period that ended June 29, W&T Offshore Inc. had $373.02 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$12.11 million in the quarter, while revenues were grew 1119.32%. The analyst consensus anticipated W&T Offshore Inc.’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.08, a -60.00% surprise. For the quarter, EBITDA amounted to $37.08 million. Shareholders own equity worth $146.48 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at W&T Offshore Inc. (WTI) price momentum. RSI 9-day as of the close on 10 August was 44.21%, suggesting the stock is Neutral, with historical volatility in this time frame at 57.94%.
As of today, WTI’s price is $4.12 -1.94% or -$0.08 from its 5-day moving average. WTI is currently trading -2.42% lower than its 20-day SMA and -11.60% lower than its 100-day SMA. However, the stock’s current price level is +3.06% above the SMA50 and -45.92% below the SMA200.
The stochastic %K and %D were 52.60% and 53.82%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 40.62% and the average true range at 0.20, the RSI (14) stands at 47.00%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at -0.08.
