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W&T Offshore Inc. (NYSE:WTI) fall -210.50% In 2022; How Attractive Is It At $5.97?

In last trading session, W&T Offshore Inc. (NYSE:WTI) saw 3.92 million shares changing hands with its beta currently measuring 2.10. Company’s recent per share price level of $5.97 trading at -$0.31 or -4.94% at ring of the bell on the day assigns it a market valuation of $930.72M. That closing price of WTI’s stock is at a discount of -50.92% from its 52-week high price of $9.01 and is indicating a premium of 50.25% from its 52-week low price of $2.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.43 million shares which gives us an average trading volume of 4.53 million if we extend that period to 3-months.

For W&T Offshore Inc. (WTI), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.33 in the current quarter.

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W&T Offshore Inc. (NYSE:WTI) trade information

Upright in the red during last session for losing -4.94%, in the last five days WTI remained trading in the red while hitting it’s week-highest on Thursday, 09/15/22 when the stock touched $5.97 price level, adding 19.43% to its value on the day. W&T Offshore Inc.’s shares saw a change of 84.83% in year-to-date performance and have moved -19.65% in past 5-day. W&T Offshore Inc. (NYSE:WTI) showed a performance of -5.98% in past 30-days. Number of shares sold short was 14.43 million shares which calculate 2.62 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $6.50 to the stock, which implies a rise of 8.15% to its current value. Analysts have been projecting $6.50 as a low price target for the stock while placing it at a high target of $6.50. It follows that stock’s current price would drop -8.88% in reaching the projected high whereas dropping to the targeted low would mean a loss of -8.88% for stock’s current value.

W&T Offshore Inc. (WTI) estimates and forecasts

This year revenue growth is estimated to rise 54.30% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $228.2 million for the same. And 2 analysts are in estimates of company making revenue of $219.2 million in the next quarter that will end on Sep 2022. Company posted $122.04 million and $133.95 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 87.00% while estimating it to be 63.60% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 35.50% during past 5 years.

WTI Dividends

W&T Offshore Inc. is more likely to be releasing its next quarterly report between March 01 and March 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

W&T Offshore Inc. (NYSE:WTI)’s Major holders

Insiders are in possession of 34.38% of company’s total shares while institution are holding 42.85 percent of that, with stock having share float percentage of 65.30%. Investors also watch the number of corporate investors in a company very closely, which is 42.85% institutions for W&T Offshore Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at WTI for having 10.43 million shares of worth $39.86 million. And as of Mar 30, 2022, it was holding 7.30% of the company’s outstanding shares.

The second largest institutional holder is State Street Corporation, which was holding about 6.83 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 4.78% of outstanding shares, having a total worth of $26.1 million.

On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 7.78 million shares of worth $33.63 million or 5.44% of the total outstanding shares. The later fund manager was in possession of 2.77 million shares on Mar 30, 2022, making its stake of worth around $10.59 million in the company or a holder of 1.94% of company’s stock.

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