W & T Offshore Inc (NYSE: WTI) is -20.55% lower on its value in year-to-date trading and has touched a low of $2.45 and a high of $5.64 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WTI stock was last observed hovering at around $2.51 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $2.59, the stock is -9.19% and -10.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.08 million and changing 3.19% at the moment leaves the stock -29.26% off its SMA200. WTI registered -44.30% loss for a year compared to 6-month loss of -38.33%. The firm has a 50-day simple moving average (SMA 50) of $1.14 and a 200-day simple moving average (SMA200) of $2.74.
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The stock witnessed a -11.60% gain in the last 1 month and extending the period to 3 months gives it a -16.45%, and is 0.39% 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 4.36% over the week and 4.61% over the month.
W & T Offshore Inc (WTI) has around 395 employees, a market worth around $380.37M and $532.66M in sales. Current P/E ratio is 25.07 and Fwd P/E is 12.95. Profit margin for the company is 2.93%. Distance from 52-week low is 5.71% and -54.08% from its 52-week high. The company has generated returns on investments over the last 12 months (3.87%).
W & T Offshore Inc quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $146M over the same period.The EPS is expected to grow by 188.89% this year, but quarterly earnings will post 15.10% year-over-year. Quarterly sales are estimated to shrink -10.60% in year-over-year returns.
W & T Offshore Inc (WTI) Top Institutional Holders
209 institutions hold shares in W & T Offshore Inc (WTI), with institutional investors hold 67.37% of the company’s shares. The shares outstanding are 146.58M, and float is at 97.16M with Short Float at 20.35%. Institutions hold 44.61% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 7.06 million shares valued at $27.31 million. The investor’s holdings represent 4.82% of the WTI Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 6.28 million shares valued at $24.31 million to account for 4.29% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 6.25 million shares representing 4.27% and valued at over $24.2 million, while KGH Ltd holds 4.20% of the shares totaling 6.16 million with a market value of $23.84 million.
