W & T Offshore Inc (NYSE:WTI) Shares Rebounded 18.9% From Their Lows – But Can They Continue?

In last trading session, W & T Offshore Inc (NYSE:WTI) saw 1.16 million shares changing hands with its beta currently measuring 1.32. Company’s recent per share price level of $1.64 trading at $0.01 or 0.61% at ring of the bell on the day assigns it a market valuation of $241.66M. That closing price of WTI’s stock is at a discount of -98.78% from its 52-week high price of $3.26 and is indicating a premium of 18.9% from its 52-week low price of $1.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.62 million shares which gives us an average trading volume of 2.14 million if we extend that period to 3-months.

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

Upright in the green during last session for gaining 0.61%, in the last five days WTI remained trading in the red while hitting it’s week-highest on Thursday, 01/23/25 when the stock touched $1.64 price level, adding 7.34% to its value on the day. W & T Offshore Inc’s shares saw a change of -1.20% in year-to-date performance and have moved -5.20% in past 5-day. W & T Offshore Inc (NYSE:WTI) showed a performance of 4.46% in past 30-days. Number of shares sold short was 20.96 million shares which calculate 7.62 days to cover the short interests.

W & T Offshore Inc (WTI) estimates and forecasts

Statistics highlight that W & T Offshore Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -30.51% of value to its shares in past 6 months, showing an annual growth rate of -353.33% while that of industry is -7.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2025. This year revenue growth is estimated to rise 0.42% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 130M for the same. And 1 analysts are in estimates of company making revenue of 135.7M in the next quarter. Company posted 132.34M and 140.79M of sales in current and next quarters respectively a year earlier.

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 -42.81% during past 5 years.

WTI Dividends

W & T Offshore Inc is more likely to be releasing its next quarterly report in February 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. With an annual yield of 2.44%, the share has a forward dividend of 0.04 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.53%.

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

Insiders are in possession of 33.64% of company’s total shares while institution are holding 35.68 percent of that, with stock having share float percentage of 53.77%. Investors also watch the number of corporate investors in a company very closely, which is 35.68% 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 8.22 million shares of worth $17.6 million. And as of 2024-06-30, it was holding 5.6001 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 7.11 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.8445 of outstanding shares, having a total worth of $15.22 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 3.01 shares of worth $4.93 million or 2.04% of the total outstanding shares. The later fund manager was in possession of 2.76 shares on Nov 30, 2024 , making its stake of worth around $4.53 million in the company or a holder of 1.87% of company’s stock.