Getting Defensive In Emerging Markets: W&T Offshore, Inc. (WTI)

Wall Street analysts will be watching closely when W&T Offshore, Inc. (NYSE:WTI) reports its quarterly earnings next, which is scheduled for Wed 27 Feb (In 52 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.21 per share. In the preceding quarter, the company reportedly generated EPS of $0.30 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 31.30%, a profit margin of 23.50% and a gross margin of 99.70%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of W&T Offshore, Inc. (NYSE:WTI). Most recently, on May 23rd, 2018, ROTH Capital Initiated a Neutral rating. Before that, on May 16th, 2018, CapitalOne Downgrade to Underweight. KLR Group Downgrade a Sell rating on May 15th, 2018, CapitalOne Upgrade an Equal Weight rating on March 12th, 2018, and CapitalOne Downgrade a Underweight rating on January 10th, 2018.

At its current price point, combined with the fact that this company has 125.88M shares outstanding, the current market capitalization sits at 620.59M. In the last trading day, 3,035,490 shares of W&T Offshore, Inc. were traded, which compares to its usual volume of about 3.21M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.87 in the past five trading days, resulting in a percentage change of +20.54% and a moving average of 4.40. In the past 20 days, its price changed by -$1.18 (which is -19.31%) and the stock’s moving average was 4.63. Looking back a full 50 days, shares of WTI changed by -$2.87 (which is -36.79%) and demonstrated a moving average of 5.66.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 81.23%, a 14-day Stochastic %K score of 63.69% and a 20-day Stochastic %K score of 35.29%. Using a similar metric, W&T Offshore, Inc. (WTI) shares showed a Stochastic %D of 64.01% over the past 9 days, a Stochastic %D score of 47.41% over the last 14 days, and a 20-day Stochastic %D of 27.37%. Meanwhile, this stock’s MACD Oscillator was 0.41 over the past 9 days, 0.26 over the past two weeks, and -0.03 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $4.93 level. Over the past 12 months, this stock has experienced a high price of $9.88 and a low of $3.38. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

SSgA Funds Management Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from W&T Offshore, Inc. (NYSE:WTI) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 8,620,079 shares of the company’s stock following the addition of 3,757,031 to this investor’s holdings during the three-month period. This share count represents that SSgA Funds Management Inc now held 6.20% stake in W&T Offshore, Inc. (WTI)’s shares.

Just in the most recent trading day, W&T Offshore, Inc. (NYSE:WTI) experienced a high price of $4.95 and low point of $4.53. At the end of the last trading session, this stock was at 4.93 per share, following a gain of $0.25, or 12.05% during the full day.