W & T Offshore Inc (NYSE: WTI) kicked off on Monday, up 3.73% from the previous trading day, before settling in for the closing price of $1.61. Over the past 52 weeks, WTI has traded in a range of $1.33-$3.38.
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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. While this was happening, its average annual earnings per share was recorded -330.00%. With a float of $97.78 million, this company’s outstanding shares have now reached $147.34 million.
In an organization with 395 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 38.85%, operating margin of -4.36%, and the pretax margin is -13.11%.
W & T Offshore Inc (WTI) Insider and Institutional Ownership
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 33.64%, while institutional ownership is 35.39%.
W & T Offshore Inc (WTI) Latest Financial update
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 -330.00% 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 0.98. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.44, a number that is poised to hit -0.24 in the next quarter and is forecasted to reach -0.44 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 2.5 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 73.93%. Additionally, its Average True Range was 0.11.
During the past 100 days, W & T Offshore Inc’s (WTI) raw stochastic average was set at 22.52%, which indicates a significant decrease from 65.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.15% in the past 14 days, which was higher than the 61.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.9192, while its 200-day Moving Average is $2.2022. However, in the short run, W & T Offshore Inc’s stock first resistance to watch stands at $1.7200. Second resistance stands at $1.7700. The third major resistance level sits at $1.8300. If the price goes on to break the first support level at $1.6100, it is likely to go to the next support level at $1.5500. The third support level lies at $1.5000 if the price breaches the second support level.
W & T Offshore Inc (NYSE: WTI) Key Stats
The company with the Market Capitalisation of 246.09 million has total of 147,358K 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 121,370 K and last quarter income was -36,920 K.
