Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. W&T Offshore Inc. shares valued at $523,850 were sold by Ghauri Shahid on Mar 21. At $4.50 per share, Ghauri Shahid sold 116,411 shares. The insider’s holdings dropped to 6,670 shares worth approximately $36885.1 following the completion of this transaction.
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Analysts at Stifel upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of November 05, 2020, CapitalOne has increased its “an Underweight” rating to a “an Equal weight” for WTI. Earlier on April 17, 2020, ROTH Capital upgraded its rating. Their new recommendation was “a Buy” for WTI stock which previously was a “a Neutral”.
Analyzing WTI Stock Performance
On Thursday, W&T Offshore Inc. [NYSE: WTI] rose 4.34% to $5.53. The stock’s lowest price that day was $5.40, but it reached a high of $5.575 in the same session. During the last five days, there has been a drop of approximately -8.75%. Over the course of the year, W&T Offshore Inc. shares have dropped approximately -0.90%. Shares of the company reached a 52-week high of $6.68 on 01/27/23 and a 52-week low of $4.89 on 01/04/23. A 50-day SMA is recorded $5.78, while a 200-day SMA reached $6.12. Nevertheless, trading volume fell to 2.35 million shares from 2.5 million shares the previous day.
Support And Resistance Levels for W&T Offshore Inc. (WTI)
According to the 24-hour chart, there is a support level at 5.43, which, if violated, would cause prices to drop to 5.33. In the upper region, resistance lies at 5.60. The next price resistance is at 5.68. RSI (Relative Strength Index) is 43.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 66.34%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
Is W&T Offshore Inc. subject to short interest?
Stocks of W&T Offshore Inc. saw a sharp steep in short interest on Jan 12, 2023 dropping by -0.25 million shares to 14.21 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 14.46 million shares. A decline of -1.76% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.01 of the overall float, the days-to-cover ratio (short ratio) decline to 5.01.
Which companies own the most shares of W&T Offshore Inc. (WTI)?
According to SSgA Funds Management, Inc. filings, the company currently owns 11,807,814 shares, which is about 8.25% of the total WTI shares outstanding. The investor’s shares have appreciated by 1,761,729 from its previous 13-F filing of 10046085.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $60,034,582. BlackRock Fund Advisors reduced a -6.65% interest valued at $37.79 million while KGH Ltd. sold a -253,046 stake. A total of -172,400 shares of W&T Offshore Inc. were sold by LSV Asset Management during the quarter, and 186,812 were bought by Dimensional Fund Advisors LP. In its current portfolio, D. E. Shaw & Co. LP holds 2,261,093 shares valued at $14.06 million.
In terms of W&T Offshore Inc. share price expectations, FactSet research, analysts set an average price target of $10.20 in the next 12 months, up nearly 92.45% from the previous closing price of $5.30. Analysts anticipate W&T Offshore Inc. stock to reach $11.50 by 2023, with the lowest price target being $8.90. In spite of this, 2 analysts ranked W&T Offshore Inc. stock as a Buy at the end of 2023. On March 09, 2020, Stifel assigned a price target of “a Hold” to the stock and downgraded coverage with a $2.