W & T Offshore Inc (NYSE:WTI) does about 1.41M shares in volume on a normal day but saw 1966458 shares change hands in the recent trading day. The company now has a market cap of 265.77M USD. Its current market price is $1.80, marking an increase of 4.65% compared to the previous close of $1.72. 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 70.59% 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 17.26%, 33.14%, and 2.81% 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 9.09% over the week and 31.39% over the past month. Its price is 8.43% year-to-date and -15.09% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.08 and -0.36 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $131.3M.
To reach the target analysts have set, the stock logically needs to grow 70.59 percent from here.
Outstanding shares total 147.64M with insiders holding 33.88% of the shares and institutional holders owning 37.94% 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 0.67. Price to sales ratio is 0.52.
