W & T Offshore Inc (WTI) is looking forward to a strong quarter

With 2.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.98 million shares. The 52-week range on WTI shows that it touched its highest point at $5.64 and its lowest point at $2.45 during that stretch. It currently has a 1-year price target of $8.95. With its current market cap of 395.05 million, WTI has annualized dividend of $0.02 while the current yield stands at 0.74%. Beta for the stock currently stands at 1.53.

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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 6.32%, but this was down by -10.93% over a month. Three-month performance dropped to -19.22% while six-month performance fell -39.41%. The stock lost -47.25% in the past year, while it has lost -17.48% so far this year. A look at the trailing 12-month EPS for WTI yields 0.10 with Next year EPS estimates of 0.20. For the next quarter, that number is 0.01. This implies an EPS growth rate of 188.89% for this year and 50.00% for next year.

Float and Shares Shorts:

At present, 146.58 million WTI shares are outstanding with a float of 97.16 million shares on hand for trading. On Mar 15, 2024, short shares totaled 23.32 million, which was 15.88% higher than short shares on Feb 15, 2024. In addition to Mr. Tracy W. Krohn as the firm’s Founder, Chairman, CEO & President, Mr. William J. Williford serves as its ?Executive VP & COO.

Institutional Ownership:

Through their ownership of 44.52% of WTI’s outstanding shares, institutional investors have minority control over the company.

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.