The trading price of W & T Offshore Inc (NYSE:WTI) closed lower on Monday, June 16, and closing at $2.07, -3.72% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $2.84 and a 52-week low of $1.09. Over the past month, the stock has gained 42.76% in value.
W & T Offshore Inc, whose market valuation is $305.64 million at the time of this writing, is expected to release its quarterly earnings report in July. The dividend yield on the company stock is 1.93%, while its Forward Dividend ratio is 0.04. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.15 per share this quarter, however they have predicted annual earnings per share of -0.45 for current year and -0.51 for next year.
Analysts have forecast the company to bring in revenue of 124.75M for the current quarter, with the likely lows of 118.2M and highs of 131.3M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 541.3M.
On the technical side, indicators suggest WTI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that WTI’s price is currently 26.76% off the SMA20 and 48.17% off the SMA50. The RSI metric on the 14-day chart is currently showing 76.51, and weekly volatility stands at 5.75%. When measured over the past 30 days, the indicator reaches 3.67%. W & T Offshore Inc (NYSE:WTI)’s beta value is currently sitting at 0.65, while the Average True Range indicator is currently displaying 0.12.
To see how W & T Offshore Inc stock has been performing in comparison to its peers in the industry, here are the numbers: WTI stock’s performance was -3.72% in the latest trading, and -3.27% in the past year.
An evaluation of the daily trading volume of W & T Offshore Inc (NYSE:WTI) indicates that the 3-month average is 1.56 million.
Currently, records show that 147.64 million of the company’s shares remain outstanding. The insiders hold 34.01% of outstanding shares, whereas institutions hold 37.56%. However, since the stock’s price has seen 24.70% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
