W & T Offshore Inc (NYSE:WTI) price on Tuesday, December 24, rose 1.32% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.53.
A look at the stock’s price movement, the close in the last trading session was $1.51, moving within a range at $1.46 and $1.57. The beta value (5-Year monthly) was 1.399. Turning to its 52-week performance, $3.44 and $1.33 were the 52-week high and 52-week low respectively. Overall, WTI moved -22.84% over the past month.
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W & T Offshore Inc’s market cap currently stands at around $228.45 million, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.04, with its dividend yield at 2.61%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 130.04M for the company’s revenue for the quarter, with a low and high estimate of 130.04M and 130.04M respectively. The average forecast suggests down to a -1.74% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 534.95M, representing a 0.43% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that WTI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
WTI’s current price about -10.71% and -21.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.52, while 7-day volatility ratio is 10.40% and 5.98% in the 30-day chart. Further, W & T Offshore Inc (WTI) has a beta value of 1.35, and an average true range (ATR) of 0.11.
If we refocus on W & T Offshore Inc (NYSE:WTI), historical trading data shows that trading volumes averaged 2.88 over the past 10 days and 2.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 147.34 million shares.
The 33.64% of W & T Offshore Inc’s shares are in the hands of company insiders while institutional holders own 35.39% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.8 million on 2024-11-29, giving us a short ratio of 8.25. The data shows that as of 2024-11-29 short interest in W & T Offshore Inc (WTI) stood at 1609.0 of shares outstanding, with shares short falling to 19.16 million registered in 2024-10-31. Current price change has pushed the stock -53.37% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WTI stock continues to rise going into the next quarter.
