How Does W&T Offshore, Inc. (WTI) Stack Up Right Now?

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 $4.80, up from yesterday’s close by 10.09%. 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 $643.39 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 $0.12 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

It’s important to check the technicals to get a sense of how WTI has been acting. Looking at the stock’s movement on the chart, W&T Offshore, Inc. recorded a 52-week high of $4.49. It is now trading -0.31% off that level. The stock is trading $3.30 its 50-day moving average by -1.5%. 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 +59.47% 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 21.04, 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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