163 institutions hold shares in W&T Offshore Inc. (WTI), with 49.52M shares held by insiders accounting for 34.97% while institutional investors hold 58.92% of the company’s shares. The shares outstanding are 141.62M, and float is at 92.20M with Short Float at 12.30%. Institutions hold 38.32% of the Float.
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The top institutional shareholder in the company is Blackrock Inc. with over 6.84 million shares valued at $14.84 million. The investor’s holdings represent 4.82% of the WTI Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 5.73 million shares valued at $12.43 million to account for 4.04% of the shares outstanding. The other top investors are Lsv Asset Management which holds 3.73 million shares representing 2.63% and valued at over $8.09 million, while Dimensional Fund Advisors LP holds 1.94% of the shares totaling 2.75 million with a market value of $5.96 million.
W&T Offshore Inc. (NYSE: WTI) is 37.79% higher on its value in year-to-date trading and has touched a low of $1.07 and a high of $3.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WTI stock was last observed hovering at around $2.92 in the last trading session, with the day’s gains setting it 0.07% off its average median price target of $3.50 for the next 12 months. It is also 33.56% off the consensus price target high of $4.50 offered by 3 analysts, but current levels are -15.0% lower than the price target low of $2.60 for the same period.
Currently trading at $2.99, the stock is 10.11% and 18.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.39 million and changing 2.40% at the moment leaves the stock 30.81% off its SMA200. WTI registered -11.54% loss for a year compared to 6-month loss of 27.23%. The firm has a 50-day simple moving average (SMA 50) of $2.5955 and a 200-day simple moving average (SMA200) of $2.1436.
The stock witnessed a 31.14% gain in the last 1 month and extending the period to 3 months gives it a 69.89%, and is 3.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.54% over the week and 7.02% over the month.
W&T Offshore Inc. (WTI) has around 291 employees, a market worth around $419.53M and $403.80M in sales. Current P/E ratio is 7.51 and Fwd P/E is 427.14. Profit margin for the company is 13.90%. Distance from 52-week low is 179.44% and -24.69% from its 52-week high. The company has generated returns on investments over the last 12 months (28.50%).
W&T Offshore Inc. (WTI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for W&T Offshore Inc. (WTI) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.70, where 2 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
W&T Offshore Inc. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at -$0.26 with sales reaching $78.61M over the same period.The EPS is expected to shrink by -70.60% this year, but quarterly earnings will post -38.20% year-over-year. Quarterly sales are estimated to shrink -48.20% in year-over-year returns.
W&T Offshore Inc. (WTI) Insider Activity
A total of 10 insider transactions have happened at W&T Offshore Inc. (WTI) in the last six months, with sales accounting for 5 and purchases happening 5 times. The most recent transaction is an insider purchase by KROHN TRACY W, the company’s Chairman, CEO & President. SEC filings show that KROHN TRACY W bought 190,849 shares of the company’s common stock on Jul 09 at a price of $2.15 per share for a total of $0.41 million. Following the purchase, the insider now owns 47.58 million shares.
W&T Offshore Inc. disclosed in a document filed with the SEC on Jul 08 that KROHN TRACY W (Chairman, CEO & President) bought a total of 346,358 shares of the company’s common stock. The trade occurred on Jul 08 and was made at $2.15 per share for $0.74 million. Following the transaction, the insider now directly holds 47.39 million shares of the WTI stock.
Still, SEC filings show that on Jul 07, KROHN TRACY W (Chairman, CEO & President) acquired 285,976 shares at an average price of $2.15 for $0.61 million. The insider now directly holds 47,045,101 shares of W&T Offshore Inc. (WTI).
W&T Offshore Inc. (WTI): Who are the competitors?
The company’s main competitors (and peers) include Callon Petroleum Company (CPE) that is trading -13.37% down over the past 12 months. Short interest in the company’s stock has fallen -35.27% from the last report on Dec 30, 2020 to stand at a total of 15.34 million short shares sold with a short interest ratio of 3.