As of close of business last night, W & T Offshore Inc’s stock clocked out at $3.02, up 1.34% from its previous closing price of $2.98. In other words, the price has increased by $+0.0400 from its previous closing price. On the day, 2060006 shares were traded.
Ratios:
To gain a deeper understanding of WTI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 13.66 whereas as Long-Term Debt/Eq ratio is at 12.63.
On October 20, 2021, Stifel Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $5.10 to $6.90.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WTI now has a Market Capitalization of 436.79M and an Enterprise Value of 697.53M. As of this moment, W’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.22, and their Forward P/E ratio for the next fiscal year is 22.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 14.76. Its current Enterprise Value per Revenue stands at 1.18 whereas that against EBITDA is 2.59.
Stock Price History:
Over the past 52 weeks, WTI has reached a high of $6.32, while it has fallen to a 52-week low of $2.55. The 50-Day Moving Average of the stock is 3.0388, while the 200-Day Moving Average is calculated to be 3.7414.
Shares Statistics:
It appears that WTI traded 2.73M shares on average per day over the past three months and 2.46M shares per day over the past ten days. A total of 146.13M shares are outstanding, with a floating share count of 96.97M. Insiders hold about 33.84% of the company’s shares, while institutions hold 43.60% stake in the company. Shares short for WTI as of Feb 15, 2024 were 20.06M with a Short Ratio of 7.34, compared to 17.45M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.69% and a Short% of Float of 20.56%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.00, WTI has a forward annual dividend rate of 0.01. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 0.33%. The stock’s 5-year Average Dividend Yield is 2.53. The current Payout Ratio is 0.00% for WTI, which recently paid a dividend on Dec 22, 2023 with an ex-dividend date of Nov 27, 2023. Stock splits for the company last occurred on Jan 29, 2004 when the company split stock in a 500:1 ratio.
Earnings Estimates
As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.05 and a low estimate of -$0.01, while EPS last year was $0.3. The consensus estimate for the next quarter is $0.03, with high estimates of $0.07 and low estimates of $0.01.
Analysts are recommending an EPS of between $0.1 and -$0.06 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0.17, with 3 analysts recommending between $0.3 and $0.07.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $138.42M. It ranges from a high estimate of $148M to a low estimate of $130.27M. As of the current estimate, W & T Offshore Inc’s year-ago sales were $189.7M, an estimated decrease of -27.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $146.15M, a decrease of -10.50% over than the figure of -$27.00% in the same quarter last year. There is a high estimate of $146.3M for the next quarter, whereas the lowest estimate is $146M.
A total of 3 analysts have provided revenue estimates for WTI’s current fiscal year. The highest revenue estimate was $548M, while the lowest revenue estimate was $530M, resulting in an average revenue estimate of $536.2M. In the same quarter a year ago, actual revenue was $921M, down -41.80% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $609.27M in the next fiscal year. The high estimate is $636M and the low estimate is $578.8M. The average revenue growth estimate for next year is up 13.60% from the average revenue estimate for this year.
