W & T Offshore Inc (NYSE: WTI) is -34.36% lower on its value in year-to-date trading and has touched a low of $1.92 and a high of $4.32 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 $2.09 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $2.14, the stock is 0.09% and -1.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 2.39% at the moment leaves the stock -10.89% off its SMA200. WTI registered -50.23% loss for a year compared to 6-month gain of -10.83%. The firm has a 50-day simple moving average (SMA 50) of $2.1714 and a 200-day simple moving average (SMA200) of $2.4038.
The stock witnessed a -20.15% loss in the last 1 month and extending the period to 3 months gives it a 1.42%, and is 3.88% 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 4.35% over the week and 4.35% over the month.
W & T Offshore Inc (WTI) has around 395 employees, a market worth around $309.40M and $558.29M in sales. Profit margin for the company is -4.51%. Distance from 52-week low is 11.46% and -50.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.59%).
with sales reaching $122.41M over the same period.The EPS is expected to shrink by -283.33% this year, but quarterly earnings will post 0.70% year-over-year. Quarterly sales are estimated to shrink -14.00% in year-over-year returns.
W & T Offshore Inc (WTI) Top Institutional Holders
189.0 institutions hold shares in W & T Offshore Inc (WTI), with institutional investors hold 56.70% of the company’s shares. The shares outstanding are 146.58M, and float is at 97.71M with Short Float at 18.93%. Institutions hold 37.61% 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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