Market Insights: W & T Offshore Inc (WTI)’s Notable Drop of -3.77, Closing at 2.04

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As of close of business last night, W & T Offshore Inc’s stock clocked out at $2.04, down -3.77% from its previous closing price of $2.12. In other words, the price has decreased by -$3.77 from its previous closing price. On the day, 0.94 million shares were traded. WTI stock price reached its highest trading level at $2.115 during the session, while it also had its lowest trading level at $2.03.

Ratios:

To gain a deeper understanding of WTI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.06. In the meantime, Its Debt-to-Equity ratio is 78.68 whereas as Long-Term Debt/Eq ratio is at 75.40.

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 300251264 and an Enterprise Value of 570264768. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 59.98. Its current Enterprise Value per Revenue stands at 1.021 whereas that against EBITDA is 3.253.

Stock Price History:

Over the past 52 weeks, WTI has reached a high of $4.47, while it has fallen to a 52-week low of $1.92. The 50-Day Moving Average of the stock is -8.20%, while the 200-Day Moving Average is calculated to be -19.42%.

Shares Statistics:

It appears that WTI traded 1.36M shares on average per day over the past three months and 1150680 shares per day over the past ten days. A total of 146.58M shares are outstanding, with a floating share count of 97.60M. Insiders hold about 33.69% of the company’s shares, while institutions hold 37.41% stake in the company. Shares short for WTI as of 1724976000 were 17848716 with a Short Ratio of 13.24, compared to 1722384000 on 18115865. Therefore, it implies a Short% of Shares Outstanding of 17848716 and a Short% of Float of 18.21.

Dividends & Splits

With its trailing 12-month dividend rate of 0.03, WTI has a forward annual dividend rate of 0.04. Against a Trailing Annual Dividend Yield of 0.014150944The stock’s 5-year Average Dividend Yield is 2.53.

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