The stock of W&T Offshore Inc. (NYSE:WTI) decreased by -$0.06 on Tuesday to finish at $4.05, down -1.46 percent. The last five days have seen an average of 1,964,860 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$1.53. The average number of shares traded over the last 20 days was 2,076,690, while the average volume over the last 50 days totaled 2,038,896.
WTI stock appreciated 3.32% since last month. On 08/02/23, the company’s shares reached a one-month low of $3.78. The stock touched a high of $9.16 on 01/27/23, after rallying from a low of $3.62 in 52 weeks. The price of WTI stock has declined by -27.42% or -$1.53 this year, reaching a new high 8 times. Still, the stock price is down -55.79% from the 52-week high.
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Valuation Metrics
W&T Offshore Inc. (WTI) has a trailing price-to-earnings (P/E) ratio of 4.78. Beta for the stock is 1.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.81, the price-to-book (PB) ratio of 23.82, and the price-to-cash flow ratio of 5.87.
Company paid $0.10 per share in dividends, remained unchanged from $0.10 last year.
Financial Health
For the three months ended June 29, W&T Offshore Inc.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 15.04, and the total debt to equity ratio is 16.27. As far as profitability goes, gross margin for the trailing twelve months is 63.70% percent. W&T Offshore Inc.’s EBITDA margin for the year ended June 29 was 63.81%, whereas its operating margin stood at 28.60% for the same period. Based on annual data, it had gross profit of $661.46 million and revenue of $921.0 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WTI’s return on assets (ROA) during the last 12 months has been 9.70%. There was a 57.10% return on investment (ROI) in the past year.
Earnings Surprise
According to W&T Offshore Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $126.18 million, while revenues fell by -117.0% to $131.73 million. It was predicted that W&T Offshore Inc.’s quarterly earnings would be -$0.08, but it ended up being -$0.05. EBITDA was $37.08 million for the quarter. At the end of W&T Offshore Inc.’s most recent quarter ended June 29, its liabilities totaled 1.08 billion, while its total debt was $416.32 million. Equity owned by shareholders amounts to $146.48 million.
Technical Picture
Here’s a quick look at W&T Offshore Inc.’s (WTI) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 44.83%, suggesting the stock is Neutral, with a 34.50% historical volatility rate.
The stochastic %K and %D were 49.45% and 50.26% respectively, while the average true range (ATR) was 0.18. Based on the 14-day stochastic reading of 42.86%, the RSI (14) reading is 47.32%. On the 9-day MACD Oscillator, the stock is at -0.02, and the 14-day reading is at -0.06.
Analyst Ratings
Analysts have assigned W&T Offshore Inc. (WTI) an Buy rating. WTI is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is WTI’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.90 and $11.00, with a median target price of $9.45. In analyzing these forecasts, the average price target given by analysts for W&T Offshore Inc. (WTI) is $9.45.
