Just the Facts on W&T Offshore, Inc. (WTI)

W&T Offshore, Inc. (WTI) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Drilling & Exploration. The stock has been active on the tape, currently trading at $3.31, down from yesterday’s close by -0.60%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

W&T Offshore, Inc. (WTI) currently trades with a market capitalization of $458.90 Million. That value represents a market adjusting for revenues that have been growing by 2.68 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $29.42 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.09 on a per share basis this quarter. Perhaps, that suggests something about why 34.43% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, W&T Offshore, Inc. recorded a 52-week high of $3.69. It is now trading 0.38% off that level. The stock is trading $3.10 its 50-day moving average by -0.21%. The stock carved out a 52-week low down at $1.81.

In recent action, W&T Offshore, Inc. (WTI) has made a move of +5.41% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 5.42% with $91.65 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of WTI.

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