At the last check on Thursday, W&T Offshore Inc.’s (NYSE:WTI) stock was up $0.01, moving up 0.24 percent to $4.11. The average number of shares traded per day over the past five days has been 2,216,031 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.10 fall in that time frame. In the last twenty days, the average volume was 1,969,548, while in the previous 50 days, it was 1,964,685.
Since last month, WTI stock retreated -0.24%. Shares of the company fell to $3.88 on 08/25/23, 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 -26.34% or -$1.48, and marked a new high 8 times. However, the stock has declined by -55.13% since its 52-week high.
Valuation Metrics
Right now, W&T Offshore Inc. (WTI) has a P/E ratio of about 4.85. The stock’s beta is 1.99. Besides these, the trailing price-to-sales (P/S) ratio of 0.85, the price-to-book (PB) ratio of 24.18, and the price-to-cash flow ratio of 6.13 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 1.20, while its current ratio was 1.20, 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 15.04, and the total debt-to-equity ratio was 16.27. On the profitability front, the trailing twelve-month gross margin is 63.70% percent. In the year ended June 29, EBITDA margin amounted to 63.81%, whereas operating margins totaled 28.60%. Based on annual data, WTI earned $661.46 million in gross profit and brought in $921.0 million in revenue.
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 $416.32 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 49.44%, the RSI 9-day stood at 46.45% on 20 September.
With respect to its five-day moving average, the current W&T Offshore Inc. price is down by -2.38% percent or -$0.10. At present, WTI shares trade +2.24% above its 20-day simple moving average and -6.18% percent below its 100-day simple moving average.
Stochastic coefficient K was 21.40% and Stochastic coefficient D was 30.77%, while ATR was 0.16. Given the Stochastic reading of 12.90% for the 14-day period, the RSI (14) reading has been calculated as 48.25%. As of today, the MACD Oscillator reading stands at -0.02, 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 $9.90, the current consensus forecast for the stock is $8.30 – $11.50. Based on these forecasts, analysts predict W&T Offshore Inc. (WTI) will achieve an average price target of $9.90.
