In yesterday’s Wall Street session, W&T Offshore Inc. (NYSE:WTI) shares traded at $4.41, up 3.04% from the previous session.
2 analysts cover W&T Offshore Inc. (NYSE:WTI), according to research data. 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 $7.90, we find $9.70. Given the previous closing price of $4.28, this indicates a potential upside of 126.64 percent. WTI stock price is now 9.61% away from the 50-day moving average and -19.38% away from the 200-day moving average. The market capitalization of the company currently stands at $644.35M.
The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $9.70 as their price target over the next twelve months.
Insiders disposed of 68,648 shares of company stock worth roughly $0.3 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 $3,038,000. GRAHAM CAPITAL MANAGEMENT, L.P. invested $938,000 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 $670,000. BAYESIAN CAPITAL MANAGEMENT, LP acquired a new stake in WTI for approximately $450,000. EXCHANGE TRADED CONCEPTS, LLC purchased a new stake in WTI valued at around $405,000 in the second quarter. In total, there are 239 active investors with 53.90% ownership of the company’s stock.
On Tuesday morning W&T Offshore Inc. (NYSE: WTI) stock kicked off with the opening price of $4.2500. During the past 12 months, W&T Offshore Inc. has had a low of $3.62 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 $4.0300 and a two-hundred day moving average price translates $5.4553 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 $142.68M 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.
