After finishing at $2.85 in the prior trading day, W & T Offshore Inc (NYSE: WTI) closed at $2.62, down -8.07%. On the day, 7752409 shares were traded.
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Ratios:
Our goal is to gain a better understanding of WTI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.21. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 12.52 whereas as Long-Term Debt/Eq ratio is at 11.58.
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 384.04M and an Enterprise Value of 644.78M. As of this moment, W’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.36, and their Forward P/E ratio for the next fiscal year is 13.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.72 while its Price-to-Book (P/B) ratio in mrq is 12.31. Its current Enterprise Value per Revenue stands at 1.09 whereas that against EBITDA is 2.40.
Stock Price History:
Over the past 52 weeks, WTI has reached a high of $6.20, while it has fallen to a 52-week low of $2.55. The 50-Day Moving Average of the stock is 3.0140, while the 200-Day Moving Average is calculated to be 3.7192.
Shares Statistics:
The stock has traded on average 2.72M shares per day over the past 3-months and 2.45M shares per day over the last 10 days, according to various share statistics. A total of 146.58M shares are outstanding, with a floating share count of 96.97M. Insiders hold about 33.84% of the company’s shares, while institutions hold 43.57% stake in the company. Shares short for WTI as of Feb 15, 2024 were 20.06M with a Short Ratio of 7.37, 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
In the trailing 12 months, WTI’s forward annual dividend rate was 0.00, compared to 0.01 this year. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 1.53%. The stock’s 5-year Average Dividend Yield is 2.53. The current Payout Ratio is 9.51% for WTI, which recently paid a dividend on Dec 22, 2023 with an ex-dividend date of Mar 15, 2024. Stock splits for the company last occurred on Jan 29, 2004 when the company split stock in a 500:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.02 and a low estimate of $0.01, while EPS last year was $0.17. The consensus estimate for the next quarter is $0.02, with high estimates of $0.04 and low estimates of -$0.01.
Analysts are recommending an EPS of between $0.2 and $0.07 for the fiscal current year, implying an average EPS of $0.13. EPS for the following year is $0.2, with 1 analysts recommending between $0.2 and $0.2.
Revenue Estimates
2 analysts predict $139.27M in revenue for the current quarter. It ranges from a high estimate of $146M to a low estimate of $132.55M. As of the current estimate, W & T Offshore Inc’s year-ago sales were $163.26M, an estimated decrease of -14.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $142.75M, an increase of 13.70% over than the figure of -$14.70% in the same quarter last year. There is a high estimate of $149M for the next quarter, whereas the lowest estimate is $136.5M.
A total of 3 analysts have provided revenue estimates for WTI’s current fiscal year. The highest revenue estimate was $636M, while the lowest revenue estimate was $568.13M, resulting in an average revenue estimate of $605.71M. In the same quarter a year ago, actual revenue was $532.66M, up 13.70% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $672M in the next fiscal year. The high estimate is $672M and the low estimate is $672M. The average revenue growth estimate for next year is up 10.90% from the average revenue estimate for this year.
