W & T Offshore Inc (NYSE: WTI) is -38.04% lower on its value in year-to-date trading and has touched a low of $1.98 and a high of $4.47 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 $2.03 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $2.02, the stock is -9.09% and -11.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.71 million and changing -0.49% at the moment leaves the stock -22.38% off its SMA200. WTI registered -51.90% loss for a year compared to 6-month loss of -22.01%.
The stock witnessed a -8.60% gain in the last 1 month and extending the period to 3 months gives it a -3.81%, and is -3.81% down 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 4.16% over the week and 3.50% over the month.
W & T Offshore Inc (WTI) has around 395 employees, a market worth around $297.30M and $558.29M in sales. Profit margin for the company is -4.51%. Distance from 52-week low is 2.02% and -54.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.59%).
with sales reaching $156.55M over the same period.The EPS is expected to shrink by -160.00% this year, but quarterly earnings will post 10.00% year-over-year. Quarterly sales are estimated to grow 9.90% in year-over-year returns.
W & T Offshore Inc (WTI) Top Institutional Holders
190.0 institutions hold shares in W & T Offshore Inc (WTI), with institutional investors hold 56.95% of the company’s shares. The shares outstanding are 146.58M, and float is at 97.49M with Short Float at 18.82%. Institutions hold 37.83% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.22 million shares valued at $17.6 million. The investor’s holdings represent 5.6001% of the WTI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.11 million shares valued at $15.22 million to account for 4.8445 of the shares outstanding. The other top investors are HUBER CAPITAL MANAGEMENT LLC which holds 4.76 million shares representing 3.2438% and valued at over $10.19 million, while MILLENNIUM MANAGEMENT LLC holds 1.9805 of the shares totaling 2.91 million with a market value of $6.22 million.
W & T Offshore Inc (WTI) Insider Activity
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