Wall Street Analyst Resumed W&T Offshore Inc. [WTI]. What else is Wall St. saying

W&T Offshore Inc. [NYSE: WTI] surged by $0.3 during the normal trading session on Thursday and reaching a high of $6.665 during the day while it closed the day at $6.50. The company report on January 12, 2023 that W&T Offshore Prices $275 Million Senior Second Lien Notes Offering.


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The Company intends to use the net proceeds of the offering, along with cash on hand, to redeem all of the Company’s 9.75% Senior Second Lien Notes due 2023 (the “Existing Second Lien Notes”). On January 9, 2023, the Company delivered a conditional redemption notice with respect to $552.5 million in principal amount of the Existing Second Lien Notes. This announcement is not an offer to purchase or a solicitation of an offer to sell the Existing Second Lien Notes, and it does not constitute a notice of redemption of the Existing Second Lien Notes.

W&T Offshore Inc. stock has also gained 7.62% of its value over the past 7 days. However, WTI stock has declined by -17.30% in the 3 months of the year. Over the past six months meanwhile, it has gained 39.19% and gained 16.49% year-on date.

The market cap for WTI stock reached $919.88 million, with 143.12 million shares outstanding and 93.99 million shares in the current float. Compared to the average trading volume of 2.95M shares, WTI reached a trading volume of 3041359 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 $9.50 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 25, 2022. While these analysts kept the previous recommendation, Stifel raised their target price from $5.10 to $6.90. The new note on the price target was released on October 20, 2021, representing the official price target for W&T Offshore Inc. stock.

The Average True Range (ATR) for W&T Offshore Inc. is set at 0.34, with the Price to Sales ratio for WTI stock in the period of the last 12 months amounting to 1.03. Price to Free Cash Flow for WTI in the course of the last twelve months was 2.75 with Quick ratio for the last quarter at 1.60.

WTI stock trade performance evaluation

W&T Offshore Inc. [WTI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.62. With this latest performance, WTI shares gained by 13.44% in over the last four-week period, additionally plugging by 39.19% over the last 6 months – not to mention a rise of 49.77% 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 61.44, with the RSI for the last a single of trading hit 68.35, and the three-weeks RSI is set at 56.44 for W&T Offshore Inc. [WTI]. The present Moving Average for the last 50 days of trading for this stock 6.10, while it was recorded at 6.21 for the last single week of trading, and 6.02 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 1.60 and a Current Ratio set at 1.60.

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

There are presently around $482 million, or 53.90% of WTI stock, in the hands of institutional investors. The top three institutional holders of WTI stocks are: STATE STREET CORP with ownership of 10,046,085, which is approximately 2.081% of the company’s market cap and around 34.37% of the total institutional ownership; VANGUARD GROUP INC, holding 8,757,329 shares of the stock with an approximate value of $56.92 million in WTI stocks shares; and BLACKROCK INC., currently with $42.27 million in WTI stock with ownership of nearly -21.645% of the company’s market capitalization.

Positions in W&T Offshore Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 93 institutional holders increased their position in W&T Offshore Inc. [NYSE:WTI] by around 11,504,119 shares. Additionally, 72 investors decreased positions by around 9,517,733 shares, while 26 investors held positions by with 53,084,181 shares. The mentioned changes placed institutional holdings at 74,106,033 shares, according to the latest SEC report filing. WTI stock had 34 new institutional investments in for a total of 3,109,977 shares, while 23 institutional investors sold positions of 2,501,850 shares during the same period.

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