A new trading day began on Friday, with W & T Offshore Inc (NYSE: WTI) stock price down -0.74% from the previous day of trading, before settling in for the closing price of $2.70. WTI’s price has ranged from $1.92 to $4.32 over the past 52 weeks.
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A company in the Energy sector has jumped its sales by 8.16% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -183.33%. With a float of $97.60 million, this company’s outstanding shares have now reached $146.58 million.
In an organization with 395 employees, it is important to assess its efficiency. 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 Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of W & T Offshore Inc is 33.69%, while institutional ownership is 37.46%.
W & T Offshore Inc (WTI) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.01 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -183.33% per share during the next fiscal year.
W & T Offshore Inc (NYSE: WTI) Trading Performance Indicators
Here are W & T Offshore Inc’s current performance indicators. According to the last quarter’s results, the 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 0.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.17, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.25 in one year’s time.
Technical Analysis of W & T Offshore Inc (WTI)
Let’s dig in a bit further. During the last 5-days, its volume was 4.31 million. That was better than the volume of 2.12 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 90.94%. Additionally, its Average True Range was 0.13.
During the past 100 days, W & T Offshore Inc’s (WTI) raw stochastic average was set at 84.44%, which indicates a significant increase from 83.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.27% in the past 14 days, which was higher than the 47.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.21, while its 200-day Moving Average is $2.50. However, in the short run, W & T Offshore Inc’s stock first resistance to watch stands at $2.83. Second resistance stands at $2.98. The third major resistance level sits at $3.14. If the price goes on to break the first support level at $2.52, it is likely to go to the next support level at $2.36. Assuming the price breaks the second support level, the third support level stands at $2.21.
W & T Offshore Inc (NYSE: WTI) Key Stats
With a market capitalization of 394.44 million, the company has a total of 146,857K Shares Outstanding. Currently, annual sales are 532,660 K while annual income is 15,600 K. The company’s previous quarter sales were 142,760 K while its latest quarter income was -15,390 K.
