Let’s start up with the current stock price of W&T Offshore Inc. (WTI), which is $4.82 to be very precise. The Stock rose vividly during the last session to $5.43 after opening rate of $5.20 while the lowest price it went was recorded $5.02 before closing at $5.12.Recently in News on March 7, 2023, W&T Offshore Announces Fourth Quarter and Full Year 2022 Results Including Year-End 2022 Proved Reserves; Provides Guidance for 2023. W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the fourth quarter and full year 2022, including the Company’s year-end 2022 reserve report. Guidance for 2023 was also provided. This press release includes non-GAAP financial measures, including Adjusted Net Income, Adjusted EBITDA, Free Cash Flow, Net Debt, Net Leverage Ratio and PV-10 which are described and reconciled to the most comparable GAAP measures below in the accompanying tables under “Non-GAAP Information.”. You can read further details here
W&T Offshore Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $9.16 on 11/07/22, with the lowest value was $3.57 for the same time period, recorded on 07/06/22.
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W&T Offshore Inc. (WTI) full year performance was 5.70%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, W&T Offshore Inc. shares are logging -47.38% during the 52-week period from high price, and 35.01% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.57 and $9.16.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 1441371 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the W&T Offshore Inc. (WTI) recorded performance in the market was -13.62%, having the revenues showcasing -15.73% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 739.84M, as it employees total of 365 workers.
The Analysts eye on W&T Offshore Inc. (WTI)
During the last month, 1 analysts gave the W&T Offshore Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 6.28, with a change in the price was noted -2.75. In a similar fashion, W&T Offshore Inc. posted a movement of -36.52% for the period of last 100 days, recording 2,926,772 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for WTI is recording 91.24 at the time of this writing. In addition, long term Debt to Equity ratio is set at 14.63.
Technical rundown of W&T Offshore Inc. (WTI)
Raw Stochastic average of W&T Offshore Inc. in the period of last 50 days is set at 0.00%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 0.00%. In the last 20 days, the company’s Stochastic %K was 12.13% and its Stochastic %D was recorded 13.21%.
Considering, the past performance of W&T Offshore Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -13.62%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -28.27%, alongside a boost of 5.70% for the period of the last 12 months. The shares increased approximately by -17.04% in the 7-day charts and went up by -20.59% in the period of the last 30 days. Common stock shares were lifted by -15.73% during last recorded quarter.