W&T Offshore Inc. [WTI] moved up 4.29: Why It’s Important


W&T Offshore Inc. [NYSE: WTI] jumped around 0.21 points on Wednesday, while shares priced at $5.10 at the close of the session, up 4.29%. The company report on May 10, 2022 that W&T Offshore Announces Retirement of Steve L. Schroeder and Names Huan Gamblin Vice President of Business Development.

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W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that Stephen L. Schroeder, Senior Vice President and Chief Technical Officer, is retiring effective June 1, 2022. Mr. Schroeder joined W&T in 1998 as a Staff Reservoir Engineer and has since served in a variety of management roles including Production Manager, Vice President of Production, and Senior Vice President and Chief Operating Officer, until assuming his current role in 2012. Prior to W&T, Mr. Schroeder was with Exxon USA for 12 years.

Huan Gamblin, who currently serves as Manager of Acquisition and Divestiture, is being promoted to Vice President of Business Development and will assume the majority of Mr. Schroeder’s responsibilities. Mr. Gamblin has 17 years of domestic and international industry experience, and he joined W&T in 2020. Prior to W&T, he was the Algeria Reservoir Engineering Manager with Occidental Petroleum. Before Occidental, Mr. Gamblin held increasing responsibility at various engineering positions at Anadarko Petroleum’s US Onshore, Gulf of Mexico, and International assets. He is a graduate of The University of Texas and holds a bachelor’s degree in Petroleum Engineering.

W&T Offshore Inc. stock is now 57.89% up from its year-to-date (YTD) trading value. WTI Stock saw the intraday high of $5.3577 and lowest of $4.97 per share. The company’s 52-week high price is 6.68, which means current price is +57.65% above from all time high which was touched on 03/07/22.

Compared to the average trading volume of 5.30M shares, WTI reached a trading volume of 4795794 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about W&T Offshore Inc. [WTI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WTI shares is $7.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WTI stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stifel have made an estimate for W&T Offshore Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 20, 2021. The new note on the price target was released on November 05, 2020, representing the official price target for W&T Offshore Inc. stock. On March 09, 2020, analysts decreased their price target for WTI shares from 8 to 2.

The Average True Range (ATR) for W&T Offshore Inc. is set at 0.43, with the Price to Sales ratio for WTI stock in the period of the last 12 months amounting to 1.19. Price to Free Cash Flow for WTI in the course of the last twelve months was 7.42 with Quick ratio for the last quarter at 1.00.

How has WTI stock performed recently?

W&T Offshore Inc. [WTI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.56. With this latest performance, WTI shares gained by 22.30% in over the last four-week period, additionally plugging by 18.06% over the last 6 months – not to mention a rise of 40.88% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WTI stock in for the last two-week period is set at 53.35, with the RSI for the last a single of trading hit 52.16, and the three-weeks RSI is set at 53.60 for W&T Offshore Inc. [WTI]. The present Moving Average for the last 50 days of trading for this stock 4.75, while it was recorded at 5.26 for the last single week of trading, and 4.03 for the last 200 days.

W&T Offshore Inc. [WTI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and W&T Offshore Inc. [WTI] shares currently have an operating margin of +33.61 and a Gross Margin at +43.38. W&T Offshore Inc.’s Net Margin is presently recorded at -7.43.

W&T Offshore Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Insider trade positions for W&T Offshore Inc. [WTI]

There are presently around $258 million, or 37.40% of WTI stock, in the hands of institutional investors. The top three institutional holders of WTI stocks are: BLACKROCK INC. with ownership of 10,744,006, which is approximately 4.406% of the company’s market cap and around 33.90% of the total institutional ownership; VANGUARD GROUP INC, holding 5,762,190 shares of the stock with an approximate value of $28.18 million in WTI stocks shares; and LSV ASSET MANAGEMENT, currently with $15.77 million in WTI stock with ownership of nearly -4.848% of the company’s market capitalization.

Positions in W&T Offshore Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 72 institutional holders increased their position in W&T Offshore Inc. [NYSE:WTI] by around 9,472,834 shares. Additionally, 64 investors decreased positions by around 11,086,350 shares, while 23 investors held positions by with 32,118,439 shares. The mentioned changes placed institutional holdings at 52,677,623 shares, according to the latest SEC report filing. WTI stock had 31 new institutional investments in for a total of 3,273,063 shares, while 19 institutional investors sold positions of 2,572,430 shares during the same period.