W & T Offshore Inc (NYSE:WTI) does about 1.45M shares in volume on a normal day but saw 2682188 shares change hands in the recent trading day. The company now has a market cap of 231.81M USD. Its current market price is $1.57, marking an increase of 6.08% compared to the previous close of $1.48. The 52 week high reached by this stock is $2.84 whilst the lowest price level in 52 weeks is $1.09.
The consensus objective for the share price is $6.12, suggesting that the stock has a potential upside of 74.35% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 25, 2022 when Stifel resumed the stock to “Buy” and issued a price target of $9.10. Stifel upgraded the stock to “Buy” from Hold on October 20, 2021 at a price target of $5.10-$6.90.
The current price level is 10.52%, 16.78%, and -11.22% away from its SMA20, SMA50, and SMA200 respectively, with the WTI price moving below the 50-day SMA on current market day. W & T Offshore Inc (WTI) stock is up 12.95% over the week and 35.34% over the past month. Its price is -5.42% year-to-date and -26.29% over the past year.
To reach the target analysts have set, the stock logically needs to grow 74.35 percent from here.
Outstanding shares total 147.64M with insiders holding 33.57% of the shares and institutional holders owning 37.93% of the company’s common stock. The company has a return on investment of -39.84% and return on equity of -168.88%. The beta has a value of 0.65. Price to sales ratio is 0.45.
