W & T Offshore Inc (NYSE: WTI) On Friday, started off the session at the price of On Friday, remained unchanged from the previous trading day, before settling in for the closing price of $2.24. Within the past 52 weeks, WTI’s price has moved between $1.92 and $4.32.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 8.16%. The company achieved an average annual earnings per share of -233.33%. With a float of $97.60 million, this company’s outstanding shares have now reached $146.58 million.
The extent of productivity of a business whose workforce counts for 395 workers is very important to gauge. 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
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of W & T Offshore Inc is 33.69%, while institutional ownership is 37.06%.
W & T Offshore Inc (WTI) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.01 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.05) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -233.33% per share during the next fiscal year.
W & T Offshore Inc (NYSE: WTI) Trading Performance Indicators
W & T Offshore Inc (WTI) is currently performing well based on its current performance indicators. A quick ratio of 1.06 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.17, a number that is poised to hit -0.20 in the next quarter and is forecasted to reach -0.26 in one year’s time.
Technical Analysis of W & T Offshore Inc (WTI)
The latest stats from [W & T Offshore Inc, WTI] show that its last 5-days average volume of 2.64 million was superior to 2.14 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 22.97%. Additionally, its Average True Range was 0.14.
During the past 100 days, W & T Offshore Inc’s (WTI) raw stochastic average was set at 34.78%, which indicates a significant increase from 30.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 98.11% in the past 14 days, which was higher than the 54.49% 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 $2.47. Now, the first resistance to watch is $2.26. This is followed by the second major resistance level at $2.29. The third major resistance level sits at $2.31. If the price goes on to break the first support level at $2.21, it is likely to go to the next support level at $2.19. Assuming the price breaks the second support level, the third support level stands at $2.16.
W & T Offshore Inc (NYSE: WTI) Key Stats
Market capitalization of the company is 329.68 million based on 146,857K outstanding shares. Right now, sales total 532,660 K and income totals 15,600 K. The company made 142,760 K in profit during its latest quarter, and -15,390 K in sales during its previous quarter.
