W&T Offshore (NYSE:WTI) shares traded -4.46% down during most recent session to reach at the closing price of $1.93. The stock exchanged hands 2.26 Million shares versus average trading capacity of 1.6 Million shares, yielding a market cap of $269.81 Million. Wall Street analysts covering the stock are projecting that the stock will reach $2 within the next 52-weeks. The mean target projections are based on 4 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have W&T Offshore (NYSE:WTI) high price target of $3 and with a conservative view have low price target of $1.
Barclays “Downgrades” W&T Offshore (NYSE:WTI) in a research note issued to investors on 10/17/16 to Underweight.
Additionally on 3/10/16 KLR Group “Downgrades” W&T Offshore (NYSE:WTI) to Hold setting price target at $ and on 1/29/16 Barclays “Maintained” the stock to Equal-Weight at $2. Furthermore on 1/28/16 Barclays “Maintained” the stock to Equal-Weight at $2.
On the other hand the company has Relative Strength Index (RSI 14) of 44.09 along with Average True Range (ATR 14) of 0.12, Consequently W&T Offshore (NYSE:WTI)’s weekly and monthly volatility is 5.51%, 6.22% respectively. The company’s beta value is at 2.41.
In terms of Buy, Sell or Hold recommendations, W&T Offshore (NYSE:WTI) has analysts’ mean recommendation of 3.3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts W&T Offshore (NYSE:WTI)’s minimum EPS for the current quarter is at $-0.04 and can go high up to $0.03. The consensus mean EPS for the current quarter is at $0.01 derived from a total of 3 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.47 earnings per share for the same quarter during last year.
Previously W&T Offshore (NYSE:WTI) reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.04 by $0.2. The company posted an earnings surprise of 500%.
While considering growth estimates of the company, it has next quarter growth estimates of 125% whereas during current quarter it has 102.1% estimations over growth, comparing to the estimations of 141.3% during current year and -44% for next year. Past 5 years growth of W&T Offshore (NYSE:WTI) observed at -20.51%, looking forward for the next 5 years it has a strong prediction of -30.7% over growth.
W&T Offshore (NYSE:WTI)’s revenue estimates for the current quarter are $126.6 Million according to 1 number of analysts, for the current quarter the company has high revenue estimates of $126.6 Million in contradiction of low revenue estimates of $126.6 Million. For the current year the company’s revenue estimates are $556.1 Million compared to low analyst estimates of $556.1 Million and high estimates of $556.1 Million according to 1 number of analysts.
Currently W&T Offshore (NYSE:WTI)’s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 45.6%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -3.93%.
W&T Offshore (NYSE:WTI) 52-week high price stands at $3.47 and low price stands at $1.31, its price distance from 52-week high is -44.37% while its distance from 52-week low price is 47.33%. The stock hit its 52-week high on 12/20/16, and 52-week low on 11/02/16.
W&T Offshore (NYSE:WTI)’s trailing twelve month revenues are $446.7 Million, whereas its price to sales ratio for the same period is 0.6. Its book value per share for the most recent quarter is $-4.6 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $0.9, however its price to cash per share ratio for the same period is 2.14. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.