Things To Consider If You’re Thinking Of Investing In W&T Offshore Inc. (NYSE: WTI)

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W&T Offshore Inc. (NYSE:WTI) shares, rose in value on Thursday, January 06, with the stock price up by 3.59% to the previous day’s close as strong demand from buyers drove the stock to $3.61.

Actively observing the price movement in the recent trading, the stock is buoying the session at $3.48, falling within a range of $3.48 and $3.75. The value of beta (5-year monthly) is 3.01. Referring to stock’s 52-week performance, its high was $5.14, and the low was $2.19. On the whole, WTI has fluctuated by -1.42% over the past month.

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With the market capitalization of W&T Offshore Inc. currently standing at about $498.51 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 01, 2022 – Mar 07, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.12, which is expected to increase to $0.23 for fiscal year $0.24 and then to about $0.81 by fiscal year 2022. Data indicates that the EPS growth is expected to be 250.00% in 2022, while the next year’s EPS growth is forecast to be 237.50%.

Analysts have estimated the company’s revenue for the quarter at $147.95 million, with a low estimate of $129.91 million and a high estimate of $166 million. According to the average forecast, sales growth in current quarter could jump up 56.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $528.6 million, representing an increase of 52.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that WTI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WTI currently trading nearly 6.93% and -2.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.33, while the 7-day volatility ratio is showing 5.43% which for the 30-day chart, stands at 4.98%. Furthermore, W&T Offshore Inc. (WTI)’s beta value is 2.93, and its average true range (ATR) is 0.19. The company’s stock has been forecasted to trade at an average price of $6.05 over the course of the next 52 weeks, with a low of $5.50 and a high of $6.60. Based on these price targets, the low is -52.35% off current price, whereas the price has to move -82.83% to reach the yearly target high. Additionally, analysts’ median price of $6.05 is likely to be welcomed by investors because it represents a decrease of -67.59% from the current levels.

A comparison of W&T Offshore Inc. (WTI) with its peers suggests the former has fared considerably weaker in the market. WTI showed an intraday change of 3.59% in today’s session so far, and over the past year, it grew by 44.40%%. In comparison, Callon Petroleum Company (CPE) has moved higher at 2.06% today and is up 267.58% over the past 12 months. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial Slipped by -0.29%.

Data on historical trading for W&T Offshore Inc. (NYSE:WTI) indicates that the trading volumes over the past 3 months, they’ve averaged 2.52 million. According to company’s latest data on outstanding shares, there are 142.30 million shares outstanding.

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Nearly 34.30% of W&T Offshore Inc.’s shares belong to company insiders and institutional investors own 37.90% of the company’s shares. The stock has risen by 7.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WTI stock heading into the next quarter.