W&T Offshore Inc. [NYSE:WTI] shares are showing an active tape with a current price of $2.27 on Monday.
W&T Offshore Inc. is in the Energy sector under the Oil & Gas E&P industry. This week, we are watching the stock hit price per sales of 0.69 with an earning per share of 1.03.
For the year, the stock is trading -58.27% and the five-day change stands at 2.65%. As a point of reference, the S&P 500 is trading -0.05% YTD.
The Bears are coming
Holding a Market Cap of $321.60 million, W&T Offshore Inc. has seen a trading range over the last year of $1.07-$6.10.
For the last five days, WTI is up from its last closing price. The average shares trading hands each day is 5.19M, with average 10-day volume coming in at 2.43 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for WTI. When we apply the Elder Force Index to W&T Offshore Inc., we are seeing an Elder Force Indicator number of -37354.55.
The company’s enterprise value has gone from $955.54M to $927.94M quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, WTI made a profit of 22.48 million. W&T Offshore Inc. also saw quarter revenue growth year over year of -7.89%. In addition, the company has operating cash flow of $219.39 million.
Looking at popular technical indicators, the company’s 5-day moving average is 2.30 compared to the 50-day moving average of 2.4080. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. WTI currently holds a 9-day RSI of 41.44%, while 100-day RSI stands at 46.67%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. WTI’s 9-day MACD is -0.02 and the company’s 100-day MACD stands at -0.22.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 34.11% by insiders and 61.46% by institutions. Regarding institutional holdings, Blackrock Inc. owns 4.87%, while the second top holder, Vanguard Group, Inc. (The), currently owns 4.00%.
Over the last six months, insiders have bought 190,849 with the most recent transaction from KROHN TRACY W, Chairman, CEO & President, with a purchase at price 2.15 per share.
Overall, the recommended rating for WTI is Hold. Currently, the company has 3 analysts watching the stock, and the average quarterly earnings estimate is -0.18. Quarterly revenue estimates are averaging 79.37M with the high estimate reaching 91.24M and the low at 67.5M.
To review, the current 1-year target estimate is sitting at 3.77, while the current price 2.27. Based on this, we expect the stock to rise considering the aforementioned fundamentals.