W & T Offshore Inc (NYSE:WTI) finished Wednesday with an addition of $0.23 to close at $4.39, an upside of 5.53 percent. An average of 1,982,860 shares of common stock have been traded in the last five days. There was a gain of $0.29 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 2,165,120 shares traded, while the 50-day average volume stands at 1,999,860.
WTI stock has increased by 10.03% in the last month. The company shares reached their 1-month lowest point of $3.92 on 08/29/23. 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 -21.33% or -$1.19 in price. In spite of this, the price is down -52.07% from the 52-week high.
Valuation Metrics
W & T Offshore Inc (WTI) has a trailing price-to-earnings (P/E) ratio of 5.15. The stock’s beta is 1.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.90, the price-to-book (PB) ratio at 25.94, and the price-to-cash flow ratio at 5.97.
Financial Health
The quick ratio of W & T Offshore Inc for the recent quarter was 1.21, and the current ratio was 1.21, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 15.52 and a total debt to equity ratio of 16.79 for the recent quarter. W & T Offshore Inc’s EBITDA margin is 63.81%, while its operating margin for the same period stands at 28.64%. Its gross profit as reported stood at $661.46 million compared to revenue of $921.0 million.
Earnings Surprise
For the recent quarter, 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%. 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 27 September was 62.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.88%.
As of today, WTI’s price is $4.20 +7.07% or $0.29 from its 5-day moving average. WTI is currently trading +9.48% higher than its 20-day SMA and +6.81% higher than its 100-day SMA. However, the stock’s current price level is +5.53% above the SMA50 and -22.16% below the SMA200.
The stochastic %K and %D were 66.86% and 48.76%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 83.33% and the average true range at 0.17, the RSI (14) stands at 58.72%. The stock has reached 0.09 on the 9-day MACD Oscillator while the 14-day reading was at 0.09.
Analyst Ratings
The consensus rating for W & T Offshore Inc (WTI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WTI, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is WTI’s price target for the next 12 months?
Analysts predict a range of price targets between $8.30 and $11.50, with a median target of $9.90. Taking a look at these predictions, the average price target given by analysts for W & T Offshore Inc (WTI) stock is $9.90.
