W & T Offshore Inc (NYSE:WTI)’s traded shares stood at 0.65 million during the latest session, with the company’s beta value hitting 1.32. At the last check today, the stock’s price was $1.86, to imply a decrease of -1.59% or -$0.03 in intraday trading. The WTI share’s 52-week high remains $3.28, putting it -76.34% down since that peak but still an impressive 28.49% since price per share fell to its 52-week low of $1.33. The company has a valuation of $274.09M, with an average of 2.53 million shares in intraday trading volume over the past 10 days and average of 2.09 million shares over the past 3 months.
W & T Offshore Inc (NYSE:WTI) trade information
After registering a -1.59% downside in the latest session, W & T Offshore Inc (WTI) has traded red over the past five days. The 5-day price performance for the stock is 8.77%, and 18.47% over 30 days. With these gigs, the year-to-date price performance is 12.05%. Short interest in W & T Offshore Inc (NYSE:WTI) saw shorts transact 18.83 million shares and set a 7.69 days time to cover.
W & T Offshore Inc (WTI) estimates and forecasts
Looking at statistics comparing W & T Offshore Inc share performance against respective industry, we note that the company has underperformed competitors. W & T Offshore Inc (WTI) shares are -23.14% down over the last 6 months, with its year-to-date growth rate lower than industry average at -280.00% against -9.90%. The rating firms project that company’s revenue will grow 0.43% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 130.04M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 135.72M.Earnings reports from the last fiscal year show that sales brought in 132.34M and 140.79M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -1.74% before dropping -3.60% in the following quarter.
WTI Dividends
W & T Offshore Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. W & T Offshore Inc has a forward dividend ratio of 0.04, with the share yield ticking at 2.15% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.53%.
W & T Offshore Inc (NYSE:WTI)’s Major holders
W & T Offshore Inc insiders hold 33.64% of total outstanding shares, with institutional holders owning 35.73% of the shares at 53.84% float percentage. In total, 35.73% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 8.22 million shares (or 5.6001% of shares), all amounting to roughly $17.6 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 7.11 million shares, or about 4.8445% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $15.22 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the W & T Offshore Inc (WTI) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 3.01 shares. This is just over 2.04% of the total shares, with a market valuation of $5.58 million. Data from the same date shows that the other fund manager holds a little less at 2.55, or 1.73% of the shares, all valued at about 4.72 million.
