W & T Offshore Inc (NYSE: WTI) is -9.04% lower on its value in year-to-date trading and has touched a low of $1.33 and a high of $3.05 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 $1.53 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $1.51, the stock is -9.58% and -9.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.38 million and changing -1.31% at the moment leaves the stock -25.82% off its SMA200. WTI registered -50.00% loss for a year compared to 6-month loss of -35.47%.
The stock witnessed a -3.21% gain in the last 1 month and extending the period to 3 months gives it a -20.94%, and is -10.65% 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 9.56% over the week and 5.70% over the month.
W & T Offshore Inc (WTI) has around 395 employees, a market worth around $222.51M and $525.26M in sales. Profit margin for the company is -16.59%. Distance from 52-week low is 13.53% and -50.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.81%).
with sales reaching $134M over the same period.The EPS is expected to shrink by -9.78% this year, but quarterly earnings will post 3.38% year-over-year. Quarterly sales are estimated to shrink -4.82% in year-over-year returns.
W & T Offshore Inc (WTI) Top Institutional Holders
The shares outstanding are 147.36M, and float is at 97.70M with Short Float at 22.67%.
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 3.2419% 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
A total of 0 insider transactions have happened at W & T Offshore Inc (WTI) in the last six months, with sales accounting for 0 and purchases happening 0 times.
