It is Poised to be a Bull Market for W & T Offshore Inc (WTI)

With 0.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.94 million shares. The 52-week range on WTI shows that it touched its highest point at $3.16 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 271.14 million, WTI has annualized dividend of $0.04 while the current yield stands at 2.17%. Beta for the stock currently stands at 1.16.

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 up-trending over the past week, with a rise of 11.52%, but this was down by -0.54% over a month. Three-month performance dropped to -9.80% while six-month performance fell -18.22%. The stock lost -41.40% in the past year, while it has gained 10.84% so far this year. A look at the trailing 12-month EPS for WTI yields -0.44 with Next year EPS estimates of -0.35. For the next quarter, that number is -0.14. This implies an EPS growth rate of -280.00% for this year and 38.60% for next year.

Float and Shares Shorts:

At present, 147.34 million WTI shares are outstanding with a float of 97.70 million shares on hand for trading.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.545 being high and -$0.595 being low. For WTI, this leads to a yearly average estimate of -$0.57. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.07.