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W & T Offshore Inc (WTI) – key numbers that make it a Strong Buy For Now

W & T Offshore Inc (NYSE: WTI) is -17.48% 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 $2.65 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $2.69, the stock is 2.71% and -4.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.27 million and changing 1.51% at the moment leaves the stock -25.01% off its SMA200. WTI registered -47.25% loss for a year compared to 6-month loss of -39.41%. The firm has a 50-day simple moving average (SMA 50) of $1.17 and a 200-day simple moving average (SMA200) of $2.81.

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The stock witnessed a -10.93% gain in the last 1 month and extending the period to 3 months gives it a -19.22%, and is 6.32% 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 4.03% over the week and 4.90% over the month.

W & T Offshore Inc (WTI) has around 395 employees, a market worth around $395.05M and $532.66M in sales. Current P/E ratio is 26.04 and Fwd P/E is 13.45. Profit margin for the company is 2.93%. Distance from 52-week low is 9.80% and -52.30% 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 $139.27M over the same period.The EPS is expected to grow by 188.89% this year, but quarterly earnings will post 10.90% year-over-year. Quarterly sales are estimated to shrink -14.70% in year-over-year returns.

W & T Offshore Inc (WTI) Top Institutional Holders

208 institutions hold shares in W & T Offshore Inc (WTI), with institutional investors hold 67.23% of the company’s shares. The shares outstanding are 146.58M, and float is at 97.16M with Short Float at 24.00%. Institutions hold 44.52% 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.

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