Holdings of W&T Offshore Inc. (WTI) are aligned with the stars

With 2.05 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.85 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $4.4500 whereas the lowest price it dropped to was $4.3200. The 52-week range on WTI shows that it touched its highest point at $9.16 and its lowest point at $3.57 during that stretch. It currently has a 1-year price target of $9.85. Beta for the stock currently stands at 1.99.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WTI was up-trending over the past week, with a rise of 11.17%, but this was down by -4.16% over a month. Three-month performance dropped to -17.36% while six-month performance fell -38.48%. The stock lost -21.51% in the past year, while it has lost -21.51% so far this year. A look at the trailing 12-month EPS for WTI yields 1.78 with Next year EPS estimates of 0.30. For the next quarter, that number is 0.10. This implies an EPS growth rate of 646.50% for this year and 172.73% for next year.

Float and Shares Shorts:

At present, 146.42 million WTI shares are outstanding with a float of 93.99 million shares on hand for trading. On Apr 27, 2023, short shares totaled 12.76 million, which was 8.71% higher than short shares on Mar 30, 2023. In addition to Mr. Tracy W. Krohn as the firm’s Founder, Chairman, CEO & Pres, Mr. William J. Williford serves as its ?Exec. VP & COO.

Institutional Ownership:

Through their ownership of 55.70% of WTI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 35.74% of WTI, in contrast to 28.41% held by mutual funds. Shares owned by individuals account for 22.57%. As the largest shareholder in WTI with 8.06% of the stake, SSgA Funds Management, Inc. holds 11,807,814 shares worth 11,807,814. A second-largest stockholder of WTI, The Vanguard Group, Inc., holds 9,651,862 shares, controlling over 6.59% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in WTI, holding 5,954,519 shares or 4.07% stake. With a 3.49% stake in WTI, the SPDR S&P Oil & Gas Exploration & is the largest stakeholder. A total of 5,103,714 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.98% of WTI stock, is the second-largest Mutual Fund holder. It holds 2,896,052 shares valued at 12.66 million. iShares Russell 2000 ETF holds 1.35% of the stake in WTI, owning 1,981,198 shares worth 8.66 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, WTI reported revenue of $273.81M and operating income of $162.32M. The EBITDA in the recently reported quarter was $198.22M and diluted EPS was $0.85.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WTI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WTI analysts setting a high price target of $11.50 and a low target of $8.20, the average target price over the next 12 months is $9.85. Based on these targets, WTI could surge 162.56% to reach the target high and rise by 87.21% to reach the target low. Reaching the average price target will result in a growth of 124.89% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded WTI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 221,853 while 68,648 shares were sold.

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