W&T Offshore Inc. (NYSE:WTI) traded at $4.15 at last check on Wednesday, January 12, made an upward move of 0.73% on its previous day’s price.
Looking at the stock we see that its previous close was $4.12 and the beta (5Y monthly) reads 3.01. In terms of its 52-week price range, WTI has a high of $5.14 and a low of $2.19. The company’s stock has gained about 15.73% over that past 30 days.
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W&T Offshore Inc. has a market cap of $594.64 million and is expected to release its quarterly earnings report on Mar 01, 2022 – Mar 07, 2022. Estimates by analysts give the company expected earnings per share (EPS) of $0.12, with the EPS growth for the year raised at $0.24 for 2021 and $0.81 for next year. These figures represent 250.00% and 237.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $147.95 million, with a low of $129.91 million and a high of $166 million. The median projection represents growth squeezing down to 56.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $528.6 million, or 52.50% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the WTI stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the W&T Offshore Inc. (WTI) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 21.35% off its SMA20 and 13.84% from its 50-day simple moving average. The RSI (14) is pointing at 68.82 while the volatility over the past week is 6.10% and jumps to 5.26% over the past one month. The beta value is 2.89, while the average true range (ATR) is currently pointing at 0.20. The average price target for the stock over the next 12 months is $6.25, with the estimates having a low of $5.50 and a high of $7.00. These price ends are -32.53% and -68.67% off the today’s price level respectively, although investors could be excited at the prospect of a -50.6% if the WTI share price touches on the median price of $6.25.
Let’s briefly compare W&T Offshore Inc. (WTI) stock to its peers. We find that today’s price change of 0.73% and 59.69% over the past 12 months for WTI competes that of Callon Petroleum Company (CPE), which has seen its stock price rise 1.18% in the latest trading session and is 236.71% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.40% and 0.24%, respectively, in early deals.
Coming back to W&T Offshore Inc. (NYSE:WTI), we note that the average 3-month trading volume was 2.42 million. Current shares outstanding are 142.30 million.
The insiders hold 34.40% of the company’s shares while institutions hold 37.80%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 27.55% up in year-to-date price movement.