W & T Offshore Inc (NYSE:WTI) does about 1.45M shares in volume on a normal day but saw 7719687 shares change hands in the recent trading day. The company now has a market cap of 317.45M USD. Its current market price is $2.15, marking an increase of 10.82% compared to the previous close of $1.94. 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 64.87% 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 34.17%, 55.59%, and 23.15% 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 27.98% over the week and 37.82% over the past month. Its price is 29.52% year-to-date and -3.59% 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 64.87 percent from here.
The company has a return on investment of -39.84% and return on equity of -168.88%. The beta has a value of 0.68. Price to sales ratio is 0.62.
