Looking at the stock we see that its previous close was $2.24 and the beta (5Y monthly) reads 1.396 with the day’s price range being $2.21 – $2.255. In terms of its 52-week price range, WTI has a high of $4.32 and a low of $1.92. The company’s stock has gained about 15.46% over that past 30 days.
W & T Offshore Inc has a market cap of $329.68 million and is expected to release its quarterly earnings report in November. With its Forward Dividend at 0.04 and a yield of 1.79%, the company’s investors could be anxious for the WTI stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -0.19, with the EPS growth for the year raised at -0.54 for current year and -0.54 for next year.
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Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 123.91M, with a low of 120M and a high of 127.81M. The median projection represents growth adding up to -13.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 540.55M, or 1.50% up from figures reported last year.
On the other hand, looking at the outlook for the WTI stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is -0.38% off its SMA20 and 1.38% from its 50-day simple moving average. The RSI (14) is pointing at 48.77 while the volatility over the past week is 6.91% and jumps to 5.85% over the past one month. The beta value is 1.40, while the average true range (ATR) is currently pointing at 0.14.
Coming back to W & T Offshore Inc (NYSE:WTI), we note that the average 3-month trading volume was 1.68 million, while that of the preceding 10-day period stands at 3.48 million. Current shares outstanding are 146.58 million.
The insiders hold 33.69% of the company’s shares while institutions hold 37.06%. The data shows that short shares as of 2024-09-30, stood at 17.32 million at a short ratio of 12.21. This represents a 1767.00 short interest in shares outstanding on 2024-09-30. Shares short fall in September from the previous month at 17.85 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -31.29% down in year-to-date price movement.
