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 $6.55, down from yesterday’s close by -2.09%. 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 $906.85 Million. That value represents a market adjusting for revenues that have been growing by 7.89 % 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 $74.8 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.13 on a per share basis this quarter. Perhaps, that suggests something about why 34.60% of the outstanding share supply is held by institutional investors.
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 $8.92. It is now trading 2.37% off that level. The stock is trading $6.37 its 50-day moving average by -0.18%. 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 -17.40% 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 14.11, 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 8.57% with $92.09 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of WTI.