W & T Offshore Inc (NYSE:WTI) shares, rose in value on Thursday, March 27, with the stock price down by -3.05% to the previous day’s close as strong demand from buyers drove the stock to $1.59.
Actively observing the price movement in the last trading, the stock closed the session at $1.64, falling within a range of $1.57 and $1.625. The value of beta (5-year monthly) was 1.143. Referring to stock’s 52-week performance, its high was $2.84, and the low was $1.30. On the whole, WTI has fluctuated by -3.64% over the past month.
With the market capitalization of W & T Offshore Inc currently standing at about $234.74 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-02. The company’s Forward Dividend Ratio is 0.04, with its dividend yield at 2.52%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 560.39M, with a low estimate of 123.91M and a high estimate of 123.91M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 123.91M.
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 2.51% and -3.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.00, while the 7-day volatility ratio is showing 3.55% which for the 30-day chart, stands at 5.78%. Furthermore, W & T Offshore Inc (WTI)’s beta value is 0.93, and its average true range (ATR) is 0.08.
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 -3.05% in last session, and over the past year, it shrunk by -37.15%%.
Data on historical trading for W & T Offshore Inc (NYSE:WTI) indicates that the trading volumes over the past 10 days have averaged 1.1 and over the past 3 months, they’ve averaged 1.52 million. According to company’s latest data on outstanding shares, there are 147.37 million shares outstanding.
Nearly 33.70% of W & T Offshore Inc’s shares belong to company insiders and institutional investors own 36.63% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21.19 million shares as on 2025-03-14, resulting in a short ratio of 15.9. According to the data, the short interest in W & T Offshore Inc (WTI) stood at 2152.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 22.15 million. The stock has fallen by -4.22% 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.
