What the Technicals Say About W&T Offshore, Inc. (WTI)

Cornelia Mascio
Settembre 21, 2017

The company's a year ago sales total was 107400. Following the completion of the acquisition, the director now directly owns 178,047 shares in the company, valued at $437,995.62.

Of the analysts surveyed by Reuters that track W&T Offshore, Inc. (WTI) in trading session dated Sep. The company's stock had a trading volume of 7,866,575 shares. The stock has a market capitalization of $330.18 million, a PE ratio of 2.58 and a beta of 2.41. (WTI)'s current distance from 20-Day Simple Moving Average is 23.65% and standing 23.01% away from 50-Day Simple Moving Average while traded up 1.66% from 200-Day Simple Moving Average.

W&T Offshore, Inc. (NYSE:WTI) has a beta of 2.39, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. Sure, the percentage is discouraging but more headwinds are coming as looking out over a next 5-year period, analysts expect the company to see its earnings go down by 0%, annually. The firm had revenue of $123.32 million for the quarter, compared to analyst estimates of $121.30 million. The business's revenue for the quarter was up 23.7% compared to the same quarter past year. Next quarter's EPS is forecasted to be $0.03 and the next full year EPS is anticipated to be $0.22.

W&T Offshore, Inc.'s beta is at 2.39 meaning it is more volatile than the market overall which by definition has a beta of 1.

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W&T Offshore, Inc.in the news. That's a potential -31.02 fall from where (NYSE:WTI) has been trading recently. Note the stock price at publication ($2.55), since the technical rating is based on intraday stock prices. As of the end of the quarter Engineers Gate Manager Lp had sold a total of 80,455 shares trimming its position 45.6%. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. (NYSE:WTI). Tracy W. Krohn, Chairman bought $1,911,027 worth of shares at an average price of $2.08 on Wednesday the 13th. Public Employees Retirement System of OH lifted its position in W&T Offshore by 4.1% during the first quarter. The shares were bought at an average price of $1.85 per share, with a total value of $92,500.00. About 796,445 shares traded.

University of MI professor and noted insider trading researcher discovered that when insiders bought shares of their own companies, the stocks outperformed the total market by 8.9% over the next 12-month period. Virtu KCG Holdings LLC lifted its position in W&T Offshore by 9.0% during the second quarter. The company has market cap of $114.28 million. Finally, New York State Common Retirement Fund raised its stake in W&T Offshore by 62.0% in the second quarter. Krohn now owns $83,661,712 of the stock per the Form 4 SEC filing. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. The Return on Equity ratio of W&T Offshore Inc. As of December 31, 2016, the Company had interests in offshore leases covering approximately 750,000 gross acres spanning across the Outer Continental Shelf (OCS) off the coasts of Louisiana, Texas, Mississippi and Alabama.

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