Stocks of W & T Offshore Inc (WTI) are poised to climb above their peers

With 2.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.2 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $1.57 whereas the lowest price it dropped to was $1.46. The 52-week range on WTI shows that it touched its highest point at $3.44 and its lowest point at $1.33 during that stretch. It currently has a 1-year price target of $10.00. With its current market cap of 228.45 million, WTI has annualized dividend of $0.04 while the current yield stands at 2.61%. Beta for the stock currently stands at 1.35.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WTI was down-trending over the past week, with a drop of -3.18%, but this was down by -22.84% over a month. Three-month performance dropped to -25.49% while six-month performance fell -27.62%. The stock lost -54.08% in the past year, while it has lost -53.37% so far this year. A look at the trailing 12-month EPS for WTI yields -0.44 with Next year EPS estimates of -0.44. For the next quarter, that number is -0.24. This implies an EPS growth rate of -330.00% for this year and 31.78% for next year.

Float and Shares Shorts:

At present, 147.34 million WTI shares are outstanding with a float of 97.78 million shares on hand for trading. On 2024-11-29, short shares totaled 15.8 million, which was 1072.00004 higher than short shares on 1730332800. In addition to Mr. Tracy W. Krohn as the firm’s Founder, Chairman, CEO & President, Mr. Sameer Parasnis serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.35854 of WTI’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, WTI reported revenue of $121372000.0 and operating income of -$18964000.0. The EBITDA in the recently reported quarter was $7381000.0 and diluted EPS was -$0.25.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential. With WTI analysts setting a high price target of 10.0 and a low target of 10.0, the average target price over the next 12 months is 10.0. Based on these targets, WTI could surge 553.59% to reach the target high and rise by 553.59% to reach the target low. Reaching the average price target will result in a growth of 553.59% from current levels.

Analysts have provided yearly estimates in a range of -$0.52053 being high and -$0.76947 being low. For WTI, this leads to a yearly average estimate of -$0.645. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.11. The average estimate for the next quarter is thus -$0.11.