W & T Offshore Inc [NYSE: WTI] traded at a low on Thursday, posting a -1.49 loss after which it closed the day’ session at $1.98.
The results of the trading session contributed to over 3042346 shares changing hands. Over the past one week, the price volatility of W & T Offshore Inc stands at 3.03% while the volatility over the past one month is 4.78%.
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The market cap for WTI stock reached $291.77 million, with 146.58 million shares outstanding and 97.77 million shares in the current float. Compared to the average trading volume of 1.81M shares, WTI reached a trading volume of 3042346 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 $10.00 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 1.00. 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 0.10, with the Price to Sales ratio for WTI stock in the period of the last 12 months amounting to 0.54.
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 -2.94. With this latest performance, WTI shares dropped by -5.26% in over the last four-week period, additionally sinking by -9.17% over the last 6 months – not to mention a drop of -42.77% 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 41.17, with the RSI for the last a single of trading hit 37.50, and the three-weeks RSI is set at 43.35 for W & T Offshore Inc [WTI]. The present Moving Average for the last 50 days of trading for this stock 2.16, while it was recorded at 2.00 for the last single week of trading, and 2.34 for the last 200 days.
W & T Offshore Inc [WTI]: Deeper insight into the fundamentals
W & T Offshore Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.98 and a Current Ratio set at 0.98.
Earnings analysis for W & T Offshore Inc [WTI]
With the latest financial reports released by the company, W & T Offshore Inc posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.07. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WTI.
Insider trade positions for W & T Offshore Inc [WTI]
There are presently around $35.89%, or 54.06%% of WTI stock, in the hands of institutional investors. The top three institutional holders of WTI stocks are: BLACKROCK INC. with ownership of 8.22 million shares, which is approximately 5.6001%. VANGUARD GROUP INC, holding 7.11 million shares of the stock with an approximate value of $$15.22 million in WTI stocks shares; and VANGUARD GROUP INC, currently with $$10.19 million in WTI stock with ownership which is approximately 3.2438%.
