W&T Offshore (NYSE:WTI) shares traded 4.74% up during most recent session to reach at the closing price of $8.4. The stock exchanged hands 5.87 Million shares versus average trading capacity of 3.95 Million shares, yielding a market cap of $1.07 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $6.42 within the next 52-weeks. The mean target projections are based on 3 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 $8.75 and with a conservative view have low price target of $4.5.
KLR Group “Downgrades” W&T Offshore (NYSE:WTI) in a research note issued to investors on 5/15/18 to Sell.
Additionally on 3/12/18 Capital One Financial “Upgrades” W&T Offshore (NYSE:WTI) to Equal-Weight and on 1/10/18 Capital One Financial “Downgrades” the stock to Underweight. Furthermore on 10/17/16 Barclays “Downgrades” the stock to Underweight.
On the other hand the company has Relative Strength Index (RSI 14) of 66.71 along with Average True Range (ATR 14) of 0.46, Consequently W&T Offshore (NYSE:WTI)’s weekly and monthly volatility is 6.94%, 6.25% respectively. The company’s beta value is at 2.73.
In terms of Buy, Sell or Hold recommendations, W&T Offshore (NYSE:WTI) has analysts’ mean recommendation of 3.5. 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 $0.06 and can go high up to $0.19. The consensus mean EPS for the current quarter is at $0.15 derived from a total of 4 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.22 earnings per share for the same quarter during last year.
Previously W&T Offshore (NYSE:WTI) reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19 by $0. The company posted an earnings surprise of 0%.
W&T Offshore (NYSE:WTI)’s revenue estimates for the current quarter are $141.14 Million according to 3 number of analysts, for the current quarter the company has high revenue estimates of $146.7 Million in contradiction of low revenue estimates of $130.01 Million. For the current year the company’s revenue estimates are $571.06 Million compared to low analyst estimates of $539.18 Million and high estimates of $599.8 Million according to 3 number of analysts.
Currently W&T Offshore (NYSE:WTI)’s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 55.2%. However the six-month change in the insider ownership was recorded 0.94%, as well as three-month change in the institutional ownership was recorded 1.02%.
W&T Offshore (NYSE:WTI)’s trailing twelve month revenues are $496.9 Million, whereas its price to sales ratio for the same period is 2.16. Its book value per share for the most recent quarter is $-3.92 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 $1.02, however its price to cash per share ratio for the same period is 8.2. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 6.13.