W & T Offshore Inc (WTI)’s Market Momentum: Closing Strong at 2.27, Down -2.58

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As of close of business last night, W & T Offshore Inc’s stock clocked out at $2.27, down -2.58% from its previous closing price of $2.33. In other words, the price has decreased by -$2.58 from its previous closing price. On the day, 0.86 million shares were traded. WTI stock price reached its highest trading level at $2.31 during the session, while it also had its lowest trading level at $2.25.

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 342935680 and an Enterprise Value of 604116672. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 66.75. Its current Enterprise Value per Revenue stands at 1.082 whereas that against EBITDA is 3.447.

Stock Price History:

Over the past 52 weeks, WTI has reached a high of $4.51, while it has fallen to a 52-week low of $1.99. The 50-Day Moving Average of the stock is 0.22%, while the 200-Day Moving Average is calculated to be -14.86%.

Shares Statistics:

It appears that WTI traded 1.59M shares on average per day over the past three months and 943390 shares per day over the past ten days. A total of 146.58M shares are outstanding, with a floating share count of 97.62M. Insiders hold about 33.67% of the company’s shares, while institutions hold 37.81% stake in the company. Shares short for WTI as of 1723680000 were 18351151 with a Short Ratio of 11.51, compared to 1721001600 on 18076855. Therefore, it implies a Short% of Shares Outstanding of 18351151 and a Short% of Float of 18.72.

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 0.012875536The stock’s 5-year Average Dividend Yield is 2.53.

Earnings Estimates

W & T Offshore Inc (WTI) is presently subject to a detailed evaluation by 2.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is -$0.04, with high estimates of $0.03 and low estimates of -$0.11.

Analysts are recommending an EPS of between -$0.39 and -$0.39 for the fiscal current year, implying an average EPS of -$0.39. EPS for the following year is -$0.27, with 2.0 analysts recommending between -$0.21 and -$0.34.

Revenue Estimates

In the current quarter, 1 analysts expect revenue to total $156.55M. It ranges from a high estimate of $156.55M to a low estimate of $156.55M. As of the current estimate, W & T Offshore Inc’s year-ago sales were $142.41MFor the next quarter, 1 analysts are estimating revenue of $158.72M. There is a high estimate of $158.72M for the next quarter, whereas the lowest estimate is $158.72M.

A total of 2 analysts have provided revenue estimates for WTI’s current fiscal year. The highest revenue estimate was $598.81M, while the lowest revenue estimate was $573M, resulting in an average revenue estimate of $585.91M. In the same quarter a year ago, actual revenue was $532.66MBased on 2 analysts’ estimates, the company’s revenue will be $607.97M in the next fiscal year. The high estimate is $617M and the low estimate is $598.94M.

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