The stock of W&T Offshore Inc. (NYSE:WTI) last traded at $4.10, down -5.96% from the previous session.
Data from the available sources indicates that W&T Offshore Inc. (NYSE:WTI) is covered by 2 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $11.50 and a low of $8.20, we find $9.85. Given the previous closing price of $4.36, this indicates a potential upside of 125.92 percent. WTI stock price is now -11.16% away from the 50-day moving average and -30.87% away from the 200-day moving average. The market capitalization of the company currently stands at $591.83M.
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In total, 0 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $9.85 as their price target over the next twelve months.
Insiders disposed of 68,648 shares of company stock worth roughly $0.28 million over the past 1 year. A total of 33.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WTI stock. A new stake in W&T Offshore Inc. shares was purchased by GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC during the first quarter worth $2,824,000. GRAHAM CAPITAL MANAGEMENT, L.P. invested $872,000 in shares of WTI during the first quarter. In the first quarter, TREXQUANT INVESTMENT LP acquired a new stake in W&T Offshore Inc. valued at approximately $623,000. BAYESIAN CAPITAL MANAGEMENT, LP acquired a new stake in WTI for approximately $418,000. CENTIVA CAPITAL, LP purchased a new stake in WTI valued at around $209,000 in the second quarter. In total, there are 239 active investors with 53.90% ownership of the company’s stock.
With an opening price of $4.2500 on Thursday morning, W&T Offshore Inc. (NYSE: WTI) set off the trading day. During the past 12 months, W&T Offshore Inc. has had a low of $3.57 and a high of $9.16. As of last week, the company has a debt-to-equity ratio of 11.59, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for WTI is $4.6038 and a two-hundred day moving average price translates $5.9236 for the stock.
The latest earnings results from W&T Offshore Inc. (NYSE: WTI) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at -$0.02, missing analysts’ expectations of -$0.01 by -0.01. This compares to -$0.02 EPS in the same period last year. The net profit margin was 30.10% and return on equity was -758.50% for WTI. The company reported revenue of $131.72 million for the quarter, compared to $191.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.04 percent. For the current quarter, analysts expect WTI to generate $151.02M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/03/2014. Investors who held shares on 11/18/2014 were paid a $0.10 dividend.
W&T Offshore Inc.(WTI) Company Profile
W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. W&T Offshore, Inc. was founded in 1983 and is headquartered in Houston, Texas.
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