A new trading day began on Friday, with W & T Offshore Inc (NYSE: WTI) stock price down -3.30% from the previous day of trading, before settling in for the closing price of $1.82. WTI’s price has ranged from $1.09 to $2.84 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged -17.39%. With a float of $97.70 million, this company’s outstanding shares have now reached $148.29 million.
W & T Offshore Inc (WTI) Insider and Institutional Ownership
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 34.14%, while institutional ownership is 35.61%.
W & T Offshore Inc (WTI) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.17 per share, which was $0.1 higher 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 -0.12 per share during the current 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 1.19. 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 -0.76, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.51 in one year’s time.
Technical Analysis of W & T Offshore Inc (WTI)
W & T Offshore Inc (NYSE: WTI) saw its 5-day average volume 0.89 million, a negative change from its year-to-date volume of 1.71 million. As of the previous 9 days, the stock’s Stochastic %D was 42.08%.
During the past 100 days, W & T Offshore Inc’s (WTI) raw stochastic average was set at 47.10%, which indicates a significant decrease from 49.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0646 in the past 14 days, which was lower than the 0.0874 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.7566, while its 200-day Moving Average is $1.6389. Nevertheless, the first resistance level for the watch stands at $1.8010 in the near term. At $1.8420, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.8675. If the price goes on to break the first support level at $1.7345, it is likely to go to the next support level at $1.7090. The third support level lies at $1.6680 if the price breaches the second support level.
W & T Offshore Inc (NYSE: WTI) Key Stats
With a market capitalization of 261.08 million, the company has a total of 148,339K Shares Outstanding. Currently, annual sales are 525,260 K while annual income is -87,150 K. The company’s previous quarter sales were 122,370 K while its latest quarter income was -20,880 K.
