W & T Offshore Inc (NYSE: WTI) on Friday, soared 5.00% from the previous trading day, before settling in for the closing price of $1.60. Within the past 52 weeks, WTI’s price has moved between $1.09 and $2.84.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Energy sector has dropped its sales by -0.36% annually for the last half of the decade. The company achieved an average annual earnings per share of 7.61%. With a float of $97.90 million, this company’s outstanding shares have now reached $147.64 million.
In an organization with 400 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 51.27%, operating margin of -9.81%, and the pretax margin is -23.7%.
W & T Offshore Inc (WTI) Insider and Institutional Ownership
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 33.70%, while institutional ownership is 37.56%.
W & T Offshore Inc (WTI) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 7.61% 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 1.18 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 0.48. Likewise, its price to free cash flow for the trailing twelve months is 37.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.72, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.47 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 1.71 million. That was better than the volume of 1.47 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 76.65%. Additionally, its Average True Range was 0.08.
During the past 100 days, W & T Offshore Inc’s (WTI) raw stochastic average was set at 72.84%, which indicates a significant decrease from 91.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.57% in the past 14 days, which was lower than the 59.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3450, while its 200-day Moving Average is $1.7559. However, in the short run, W & T Offshore Inc’s stock first resistance to watch stands at $1.7067. Second resistance stands at $1.7333. The third major resistance level sits at $1.7867. If the price goes on to break the first support level at $1.6267, it is likely to go to the next support level at $1.5733. The third support level lies at $1.5467 if the price breaches the second support level.
W & T Offshore Inc (NYSE: WTI) Key Stats
Market capitalization of the company is 248.06 million based on 147,652K outstanding shares. Right now, sales total 525,260 K and income totals -87,150 K. The company made 129,870 K in profit during its latest quarter, and -30,580 K in sales during its previous quarter.
