W&T Offshore Inc. [WTI] Revenue clocked in at $623.40 million, up 71.52% YTD: What’s Next?


W&T Offshore Inc. [NYSE: WTI] closed the trading session at $5.54 on 06/21/22. The day’s price range saw the stock hit a low of $5.41, while the highest price level was $5.82. The company report on June 15, 2022 that W&T Offshore Announces Appointment of General Counsel.

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W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced the appointment of Jonathan Curth to Executive Vice President, General Counsel and Corporate Secretary, effective June 14, 2022. Mr. Curth has extensive legal experience working with public exploration and production (“E&P”) companies.

Tracy W. Krohn, Chairman and Chief Executive Officer, commented, “We are excited to have Jonathan join our great executive team at W&T. His many years serving as both an attorney with international law firms and as general counsel at public E&P companies, and, in particular, his involvement with acquisitions, capital markets and corporate transactions, will complement W&T’s strategic vision. We look forward to his insight as we continue to grow shareholder value.”.

The stocks have a year to date performance of 71.52 percent and weekly performance of -26.82 percent. The stock has been moved at 70.99 percent over the last six months. The stock has performed -1.25 percent around the most recent 30 days and changed 25.34 percent over the most recent 3-months.

If compared to the average trading volume of 5.00M shares, WTI reached to a volume of 7077232 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $7.57 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 0.57, with the Price to Sales ratio for WTI stock in the period of the last 12 months amounting to 1.48. Price to Free Cash Flow for WTI in the course of the last twelve months was 9.28 with Quick ratio for the last quarter at 1.00.

WTI stock trade performance evaluation

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 -26.82. With this latest performance, WTI shares dropped by -1.25% in over the last four-week period, additionally plugging by 70.99% over the last 6 months – not to mention a rise of 19.40% 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 36.79, with the RSI for the last a single of trading hit 27.11, and the three-weeks RSI is set at 42.64 for W&T Offshore Inc. [WTI]. The present Moving Average for the last 50 days of trading for this stock 5.88, while it was recorded at 6.47 for the last single week of trading, and 4.50 for the last 200 days.

W&T Offshore Inc. [WTI]: An insightful look at the core 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.

W&T Offshore Inc. [WTI]: Insider Ownership positions

There are presently around $336 million, or 42.10% of WTI stock, in the hands of institutional investors. The top three institutional holders of WTI stocks are: BLACKROCK INC. with ownership of 10,433,881, which is approximately -2.886% of the company’s market cap and around 34.40% of the total institutional ownership; STATE STREET CORP, holding 6,832,066 shares of the stock with an approximate value of $38.74 million in WTI stocks shares; and VANGUARD GROUP INC, currently with $35.11 million in WTI stock with ownership of nearly 7.452% 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 79 institutional holders increased their position in W&T Offshore Inc. [NYSE:WTI] by around 14,905,692 shares. Additionally, 61 investors decreased positions by around 8,391,522 shares, while 23 investors held positions by with 35,881,970 shares. The mentioned changes placed institutional holdings at 59,179,184 shares, according to the latest SEC report filing. WTI stock had 32 new institutional investments in for a total of 3,002,337 shares, while 16 institutional investors sold positions of 1,426,266 shares during the same period.