Market Highlights: W & T Offshore Inc (WTI) Ends on a Low Note at 2.33

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The price of W & T Offshore Inc (NYSE: WTI) closed at $2.33 in the last session, down -2.92% from day before closing price of $2.40. In other words, the price has decreased by -$2.92 from its previous closing price. On the day, 1.95 million shares were traded. WTI stock price reached its highest trading level at $2.43 during the session, while it also had its lowest trading level at $2.31.

Ratios:

We take a closer look at WTI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.08. In the meantime, Its Debt-to-Equity ratio is 18.92 whereas as Long-Term Debt/Eq ratio is at 18.51.

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 342176768 and an Enterprise Value of 640056448. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.63 while its Price-to-Book (P/B) ratio in mrq is 16.48. Its current Enterprise Value per Revenue stands at 1.182 whereas that against EBITDA is 3.712.

Stock Price History:

The Beta on a monthly basis for WTI is 1.46, which has changed by -0.434466 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, WTI has reached a high of $4.51, while it has fallen to a 52-week low of $2.19. The 50-Day Moving Average of the stock is -7.03%, while the 200-Day Moving Average is calculated to be -30.26%.

Shares Statistics:

According to the various share statistics, WTI traded on average about 2.63M shares per day over the past 3-months and 1696480 shares per day over the past 10 days. A total of 146.58M shares are outstanding, with a floating share count of 97.25M. Insiders hold about 33.78% of the company’s shares, while institutions hold 42.84% stake in the company. Shares short for WTI as of 1714435200 were 19780361 with a Short Ratio of 7.52, compared to 1711584000 on 19541828. Therefore, it implies a Short% of Shares Outstanding of 19780361 and a Short% of Float of 20.25.

Dividends & Splits

The forward annual dividend rate for WTI is 0.02, which was 0.02 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.008333333The stock’s 5-year Average Dividend Yield is 2.53.

Earnings Estimates

Currently, 2.0 analysts are dedicated to thoroughly evaluating and rating the performance of W & T Offshore Inc (WTI) in the stock market.On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.07, while EPS last year was -$0.08. The consensus estimate for the next quarter is -$0.03, with high estimates of -$0.03 and low estimates of -$0.04.

Analysts are recommending an EPS of between -$0.15 and -$0.15 for the fiscal current year, implying an average EPS of -$0.15. EPS for the following year is -$0.15, with 1.0 analysts recommending between -$0.15 and -$0.15.

Revenue Estimates

According to 2 analysts, the current quarter’s revenue is expected to be $143.28M. It ranges from a high estimate of $153.57M to a low estimate of $133M. As of the current estimate, W & T Offshore Inc’s year-ago sales were $125.6MFor the next quarter, 2 analysts are estimating revenue of $155.83M. There is a high estimate of $165.66M for the next quarter, whereas the lowest estimate is $146M.

A total of 2 analysts have provided revenue estimates for WTI’s current fiscal year. The highest revenue estimate was $647.34M, while the lowest revenue estimate was $557M, resulting in an average revenue estimate of $602.17M. In the same quarter a year ago, actual revenue was $532.66MBased on 1 analysts’ estimates, the company’s revenue will be $576M in the next fiscal year. The high estimate is $576M and the low estimate is $576M.

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