In the latest trading session, 0.43 million W & T Offshore Inc (NYSE:WTI) shares changed hands as the company’s beta touched 1.31. With the company’s most recent per share price at $1.75 changed hands at -$0.04 or -2.51% at last look, the market valuation stands at $257.14M. WTI’s current price is a discount, trading about -87.43% off its 52-week high of $3.28. The share price had its 52-week low at $1.33, which suggests the last value was 24.0% up since then. When we look at W & T Offshore Inc’s average trading volume, we note the 10-day average is 2.51 million shares, with the 3-month average coming to 2.10 million.
W & T Offshore Inc (NYSE:WTI) trade information
Instantly WTI was in red as seen in intraday trades today. With action 5.76%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 5.12%, with the 5-day performance at 5.76% in the green. However, in the 30-day time frame, W & T Offshore Inc (NYSE:WTI) is -4.64% down. Looking at the short shares, we see there were 18.83 million shares sold at short interest cover period of 7.69 days.
W & T Offshore Inc (WTI) estimates and forecasts
Data shows that the W & T Offshore Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -29.64% over the past 6 months, a -280.00% in annual growth rate that is considerably lower than the industry average of -9.60%. Year-over-year growth is forecast to reach 0.43% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 130.04M. 1 analysts are of the opinion that W & T Offshore Inc’s revenue for the current quarter will be 135.72M. The company’s revenue for the corresponding quarters a year ago was 132.34M and 140.79M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.74%. The estimates for the next quarter sales put growth at -3.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -42.81%. The 2025 estimates are for W & T Offshore Inc earnings to decrease by -330.00%.
WTI Dividends
W & T Offshore Inc is expected to release its next quarterly earnings report in February. The 2.29% annual yield figure for the share gives it an annual dividend of 0.04. It is important to note, however, that the 2.29% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.53 per year.
W & T Offshore Inc (NYSE:WTI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 33.64% of W & T Offshore Inc shares while 35.82% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 53.98%. There are 35.82% institutions holding the W & T Offshore Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 5.6001% of the shares, roughly 8.22 million WTI shares worth $17.6 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.8445% or 7.11 million shares worth $15.22 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 3.01 shares estimated at $5.24 million under it, the former controlled 2.04% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.73% of the shares, roughly 2.55 shares worth around $4.44 million.
