W & T Offshore Inc (NYSE: WTI) kicked off on Tuesday, down -0.49% from the previous trading day, before settling in for the closing price of $2.03. Over the past 52 weeks, WTI has traded in a range of $1.98-$4.47.
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Energy Sector giant saw their annual sales surged by 8.16% over the last five years. While this was happening, its average annual earnings per share was recorded -160.00%. With a float of $97.49 million, this company’s outstanding shares have now reached $146.58 million.
The firm has a total of 395 workers. Let’s measure their productivity. In terms of profitability, gross margin is 40.62%, operating margin of 2.3%, and the pretax margin is -3.95%.
W & T Offshore Inc (WTI) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas E&P Industry. The insider ownership of W & T Offshore Inc is 33.76%, while institutional ownership is 37.81%.
W & T Offshore Inc (WTI) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.01 earnings per share (EPS), lower than consensus estimate (set at 0.05) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -160.00% per share during the next fiscal year.
W & T Offshore Inc (NYSE: WTI) Trading Performance Indicators
Take a look at W & T Offshore Inc’s (WTI) current performance indicators. Last quarter, stock had a quick ratio of 1.06. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.17, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach -0.28 in one year’s time.
Technical Analysis of W & T Offshore Inc (WTI)
Analysing the last 5-days average volume posted by the [W & T Offshore Inc, WTI], we can find that recorded value of 1.5 million was lower than the volume posted last year of 2.12 million. As of the previous 9 days, the stock’s Stochastic %D was 13.32%. Additionally, its Average True Range was 0.09.
During the past 100 days, W & T Offshore Inc’s (WTI) raw stochastic average was set at 11.11%, which indicates a significant decrease from 15.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.67% in the past 14 days, which was higher than the 41.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.27, while its 200-day Moving Average is $2.60. Now, the first resistance to watch is $2.05. This is followed by the second major resistance level at $2.08. The third major resistance level sits at $2.13. If the price goes on to break the first support level at $1.97, it is likely to go to the next support level at $1.92. Should the price break the second support level, the third support level stands at $1.89.
W & T Offshore Inc (NYSE: WTI) Key Stats
The company with the Market Capitalisation of 297.30 million has total of 146,857K Shares Outstanding. Its annual sales at the moment are 532,660 K in contrast with the sum of 15,600 K annual income. Company’s last quarter sales were recorded 142,760 K and last quarter income was -15,390 K.
