The stock of W & T Offshore Inc (WTI) has gone up by 5.14% for the week, with a -19.35% drop in the past month and a 2.27% rise in the past quarter. The volatility ratio for the week is 4.60%, and the volatility levels for the past 30 days are 4.36% for WTI. The simple moving average for the last 20 days is 5.53% for WTI stock, with a simple moving average of -6.19% for the last 200 days.
Is It Worth Investing in W & T Offshore Inc (NYSE: WTI) Right Now?
The 36-month beta value for WTI is at 1.40. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
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The public float for WTI is 97.71M, and currently, shorts hold a 18.93% of that float. The average trading volume for WTI on November 06, 2024 was 1.70M shares.
WTI) stock’s latest price update
W & T Offshore Inc (NYSE: WTI) has seen a rise in its stock price by 5.14 in relation to its previous close of 2.14. However, the company has experienced a 5.14% gain in its stock price over the last five trading sessions. reuters.com reported 2024-11-05 that U.S. West Texas Intermediate (WTI) crude futures fell on Wednesday as presidential election polls were closing in the United States.
Analysts’ Opinion of WTI
Many brokerage firms have already submitted their reports for WTI stocks, with Stifel repeating the rating for WTI by listing it as a “Buy.” The predicted price for WTI in the upcoming period, according to Stifel is $9.10 based on the research report published on October 25, 2022 of the previous year 2022.
Stifel, on the other hand, stated in their research note that they expect to see WTI reach a price target of $6.90, previously predicting the price at $5.10. The rating they have provided for WTI stocks is “Buy” according to the report published on October 20th, 2021.
WTI Trading at 3.93% from the 50-Day Moving Average
After a stumble in the market that brought WTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.06% of loss for the given period.
Volatility was left at 4.36%, however, over the last 30 days, the volatility rate increased by 4.60%, as shares sank -5.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.46% lower at present.
During the last 5 trading sessions, WTI rose by +5.14%, which changed the moving average for the period of 200-days by -20.49% in comparison to the 20-day moving average, which settled at $2.13. In addition, W & T Offshore Inc saw -30.98% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for WTI
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.41 for the gross margin
The net margin for W & T Offshore Inc stands at -0.05. The total capital return value is set at 0.01. Equity return is now at value -168.88, with -2.24 for asset returns.
Based on W & T Offshore Inc (WTI), the company’s capital structure generated 0.99 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 78.6. The interest coverage ratio of the stock is 0.32.
Currently, EBITDA for the company is 167.57 million with net debt to EBITDA at 3.0. When we switch over and look at the enterprise to sales, we see a ratio of 1.07. The receivables turnover for the company is 6.07for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.06.
Conclusion
In conclusion, W & T Offshore Inc (WTI) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
