W & T Offshore Inc (NYSE:WTI) shares, rose in value on Thursday, January 02, with the stock price up by 9.34% to the previous day’s close as strong demand from buyers drove the stock to $1.82.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.66, falling within a range of $1.7 and $1.83. The value of beta (5-year monthly) is 1.399. Referring to stock’s 52-week performance, its high was $3.36, and the low was $1.33. On the whole, WTI has fluctuated by -4.97% over the past month.
With the market capitalization of W & T Offshore Inc currently standing at about $267.45 million, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.04, with its dividend yield at 2.20%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 534.95M, with a low estimate of 130.04M and a high estimate of 130.04M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 130.04M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WTI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of WTI currently trading nearly 9.85% and -4.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.14, while the 7-day volatility ratio is showing 6.25% which for the 30-day chart, stands at 6.36%. Furthermore, W & T Offshore Inc (WTI)’s beta value is 1.34, and its average true range (ATR) is 0.11.
A comparison of W & T Offshore Inc (WTI) with its peers suggests the former has fared considerably weaker in the market. WTI showed an intraday change of 9.34% in today’s session so far, and over the past year, it shrunk by -43.98%%.
Data on historical trading for W & T Offshore Inc (NYSE:WTI) indicates that the trading volumes over the past 10 days have averaged 2.78 and over the past 3 months, they’ve averaged 2.27 million. According to company’s latest data on outstanding shares, there are 147.34 million shares outstanding.
Nearly 33.64% of W & T Offshore Inc’s shares belong to company insiders and institutional investors own 35.39% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.01 million shares as on 2024-12-13, resulting in a short ratio of 8.72. According to the data, the short interest in W & T Offshore Inc (WTI) stood at 1630.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 17.26 million. The stock has risen by 9.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WTI stock heading into the next quarter.
