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After A 85.75% Jump This Year Is W&T Offshore Inc. (NYSE:WTI) A Better Buy Than Others?

In recent trading session, W&T Offshore Inc. (NYSE:WTI) saw 0.68 million shares changing hands at last check today with its beta currently measuring 2.12. Company’s recent per share price level of $7.11 trading at $0.2 or 2.97% at last check today assigns it a market valuation of $1.01B. That most recent trading price of WTI’s stock is at a discount of -28.83% from its 52-week high price of $9.16 and is indicating a premium of 58.23% 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 3.02 million shares which gives us an average trading volume of 3.60 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 2 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 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.1 in the current quarter.

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

Upright in the green today for gaining 2.97%, in the last five days WTI remained trading in the red while hitting it’s week-highest on Tuesday, 11/22/22 when the stock touched $7.11 price level, adding 1.93% to its value on the day. W&T Offshore Inc.’s shares saw a change of 113.93% in year-to-date performance and have moved -7.37% in past 5-day. W&T Offshore Inc. (NYSE:WTI) showed a performance of -12.09% in past 30-days. Number of shares sold short was 15.11 million shares which calculate 4.56 days to cover the short interests.

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

Statistics highlight that W&T Offshore Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 9.68% of value to its shares in past 6 months, showing an annual growth rate of 747.83% while that of industry is 11.00. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 66.40% 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 $200.33 million for the same. And 2 analysts are in estimates of company making revenue of $221.52 million in the next quarter that will end on Mar 2023. Company posted $165.59 million and $191 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 21.00% while estimating it to be 16.00% 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 on November 09 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 34.34% of company’s total shares while institution are holding 53.87 percent of that, with stock having share float percentage of 82.05%. Investors also watch the number of corporate investors in a company very closely, which is 53.87% institutions for W&T Offshore Inc. that are currently holding shares of the company. State Street Corporation is the top institutional holder at WTI for having 10.05 million shares of worth $71.53 million. And as of Sep 29, 2022, it was holding 7.02% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 8.76 million shares on Sep 29, 2022. The number of shares represents firm’s hold over 6.12% of outstanding shares, having a total worth of $62.35 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 Oct 30, 2022, the former fund manager was holding 9.12 million shares of worth $64.94 million or 6.37% of the total outstanding shares. The later fund manager was in possession of 2.77 million shares on Jun 29, 2022, making its stake of worth around $19.74 million in the company or a holder of 1.94% of company’s stock.

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