W & T Offshore Inc [NYSE: WTI] stock went on an upward path that rose over 7.23% on Thursday, amounting to a one-week price increase of more than 16.34%.
Over the last 12 months, WTI stock dropped by -45.06%. The one-year W & T Offshore Inc stock forecast points to a potential upside of 82.2. The average equity rating for WTI stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $262.29 million, with 147.34 million shares outstanding and 97.78 million shares in the current float. Compared to the average trading volume of 2.27M shares, WTI stock reached a trading volume of 3479716 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.11, with the Price to Sales ratio for WTI stock in the period of the last 12 months amounting to 0.49.
WTI Stock Performance Analysis:
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 16.34. With this latest performance, WTI shares dropped by -6.81% in over the last four-week period, additionally sinking by -21.59% over the last 6 months – not to mention a drop of -45.06% 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 54.13, with the RSI for the last a single of trading hit 63.33, and the three-weeks RSI is set at 49.50 for W & T Offshore Inc [WTI]. The present Moving Average for the last 50 days of trading for this stock 1.9038, while it was recorded at 1.6580 for the last single week of trading, and 2.1935 for the last 200 days.
Insight into W & T Offshore Inc 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.
W & T Offshore Inc [WTI] Institutonal Ownership Details
There are presently around $35.85%, or 54.01%% 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%.
