The share price of W&T Offshore Inc. (NYSE:WTI) fell to $5.19 per share on Friday from $5.70. While W&T Offshore Inc. has underperformed by -8.95%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WTI rose by 54.46%, with highs and lows ranging from $9.01 to $2.97, […]
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W&T Offshore Inc. (NYSE:WTI) marked $7.22 per share on Thursday, down from a previous closing price of $7.43. While W&T Offshore Inc. has underperformed by -2.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WTI rose by 103.95%, with highs and lows ranging from $9.01 to […]
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U.S. stocks traded higher this morning, following the release of PPI data for August. Following the market opening Wednesday, The Dow traded up 0.22% to 31,173.35 while the NASDAQ rose 0.35% to 11,673.69. The S&P 500 also rose, gaining, 0.35% to 3,946.38. Also check this: Market Volatility Jumps Following US CPI Data Leading and Lagging Sectors Energy shares climbed 3% on Wednesday. Meanwhile, top gainers in the sector included Evolution Petroleum Corporation (NYSE: EPM ), up 16% and W&T Offshore, Inc. (NYSE: WTI ) up 13%. In trading on Wednesday, materials shares fell by 0.9%. Top Headline The Producer Price Index for final demand declined 0.1% month-over-month in August, compared to a 0.4% drop in July Equities Trading UP bioAffinity Technologies, Inc. (NASDAQ: BIAF ) shares shot up 56% to $6.47 after the company announced publication of its research in high-throughput flow cytometry analysis of sputum in … Full story available on Benzinga.com
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W&T Offshore Inc. (WTI)’s stock is trading at $6.93 at the moment marking a rise of 5.40% from the last session close. As of this writing, shares are priced at -23.03% less than their 52-week high of $9.01, and 133.34% over their 52-week low of $2.97. Based on the past 30-day period, the stock price […]
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The following slide deck was published by W&T Offshore, Inc.
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Oil and gas producer W&T Offshore aims to refinance notes due in late 2023 using some of the proceeds from closing profitable hedges, Chief Executive Tracy Krohn said on Wednesday. The company also plans to pursue new properties in the U.S. Gulf of Mexico where it has operated for 40 years as its trims debt […]
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W&T Offshore Inc. (NYSE:WTI) closed Friday at $6.54 per share, up from $6.04 a day earlier. While W&T Offshore Inc. has overperformed by 8.28%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WTI rose by 97.58%, with highs and lows ranging from $9.01 to $2.97, whereas […]
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W&T Offshore with ticker code (WTI) have now 3 analysts covering the stock with the consensus suggesting a rating of ''Strong_Buy''. The target price ranges between 8.8 and 6 with the average target price sitting at 7.1. Given that the stocks previous close was at 6.04 this is indicating there is a potential upside of 17.5%. The 50 day moving average now sits at 5.11 and the 200 moving average now moves to 4.8. The market capitalisation for the company is $936m. Company Website:https://www.wtoffshore.com [stock_market_widget type="chart" template="basic" color="green" assets="WTI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,101m based on the market concensus. W&T Offshore, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. As of December 31, 2021, the company had working interests in 43 fields in federal and state waters; and under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf, as well as approximately 187,000 gross acres in the Gulf of Mexico deepwater.
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In last trading session, W&T Offshore Inc. (NYSE:WTI) saw 4.63 million shares changing hands with its beta currently measuring 2.30. Company’s recent per share price level of $6.50 trading at $0.22 or 3.50% at ring of the bell on the day assigns it a market valuation of $938.27M. That closing price of WTI’s stock is … W&T Offshore Inc. (NYSE:WTI) Shares Dropped -7.14% In A Week. Can It Continue Rising? Read More »
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W&T Offshore with ticker code (WTI) have now 3 analysts covering the stock with the consensus suggesting a rating of ''Strong_Buy''. The target price ranges between 8.8 and 6 with a mean TP of 7.1. Given that the stocks previous close was at 7.18 this would imply there is a potential downside of -1.1%. The day 50 moving average is 5 while the 200 day moving average is 4.74. The company has a market capitalisation of $1,019m. Visit the company website at: https://www.wtoffshore.com [stock_market_widget type="chart" template="basic" color="green" assets="WTI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,008m based on the market concensus. W&T Offshore, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. As of December 31, 2021, the company had working interests in 43 fields in federal and state waters; and under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf, as well as approximately 187,000 gross acres in the Gulf of Mexico deepwater.
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In the last trading session, 4.96 million shares of the W&T Offshore Inc. (NYSE:WTI) were traded, and its beta was 2.32. Most recently the company’s share price was $6.86, and it changed around $0.51 or 8.03% from the last close, which brings the market valuation of the company to $991.48M. WTI currently trades at a … W&T Offshore Inc. (NYSE: WTI) Stock Forecast: By 2022, Bulls Expect $8.80 Per Share Read More »
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W&T Offshore Inc. (WTI)’s stock has witnessed a price declined of -3.52% from the previous close with its current price standing at $6.03. Its current price is -33.07% under its 52-week high of $9.01 and 128.42% more than its 52-week low of $2.64. Based on the past 30-day period, the stock price is -6.25% below […]
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The trading price of W&T Offshore Inc. (NYSE:WTI) closed lower on Friday, August 19, closing at $6.25, -0.95% lower than its previous close. Traders who pay close attention to intraday price movement should know that it fluctuated between $6.10 and $6.405. The company’s P/E ratio in the trailing 12-month period was 6.84, while its 5Y … Analysts Predict W&T Offshore Inc. (NYSE: WTI) To Loss -40.8% From Current Levels. Read More »
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Revenues increased significantly to $273.81 million in the second quarter from $132.83 million a year ago and up 69.8% sequentially.
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W&T Offshore (WTI) has hired the Skadden law firm to conduct an internal investigation on management''s close relationship with information technology vendor AAIT, after receiving…
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W&T Offshore, Inc. (NYSE:NYSE:WTI) Q2 2022 Earnings Conference Call August 8, 2022 10:00 AM ET Company Participants Brent Collins - Director, IR Tracy Krohn - Chairman & CEO Janet…
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W&TOffshore (WTI) +17.8% in Monday''s trading after crushing expectations for Q2 adjusted earnings, and revenues more than doubled Y/Y and surged 43% Q/Q to $273.8M, also beating…
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U.S. stocks pared gains toward the end of trading, with the S&P 500 and the Nasdaq turning lower on Monday. The Dow traded up 0.13% to 32,845.34 while the NASDAQ fell 0.20% to 12,631.80. The S&P also fell, dropping, 0.16% to 4,138.76. Also check this: Tyson Foods, Take-Two Interactive And 3 Stocks To Watch Heading Into Monday Leading and Lagging Sectors Energy shares climbed 0.9% on Monday. Meanwhile, top gainers in the sector included W&T Offshore, Inc. (NYSE: WTI ), up 19% and Forum Energy Technologies Inc (NYSE: FET ) up 8%. In trading on Monday, information technology shares fell by 1.2%. Top Headline Tyson Foods Inc (NYSE: TSN ) reported third-quarter FY22 sales growth of 8.1% year-on-year to $13.49 billion, above the consensus of $13.24 billion. Adjusted EPS of $1.94 missed the analyst consensus of $1.97. Equities Trading UP Bed Bath & Beyond Inc (NASDAQ: BBBY ) shares shot up 37% to $11.20 amid significant social media mentions over the weekend. Shares of CinCor Pharma, Inc. (NASDAQ: …
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Gainers: W&T Offshore (WTI) +19%. Amyris (AMRS) +15%. Losers: Permianville Royalty Trust (PVL) -7%. Comstock Resources (CRK) -6%.
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As of Monday, W&T Offshore Inc.’s (NYSE:WTI) stock closed at $4.85, down from $4.97 the previous day. While W&T Offshore Inc. has underperformed by -2.41%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WTI rose by 19.75%, with highs and lows ranging from $9.01 to $2.64, […]
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In trading on Monday, the SPDR S&P Oil & Gas Exploration & Production ETF is outperforming other ETFs, up about 5% on the day. Components of that ETF showing particular strength include shares of Talos Energy, up about 9.1% and shares of W&T Offshore, up about
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In the latest trading session, 1.41 million W&T Offshore Inc. (NYSE:WTI) shares changed hands as the company’s beta touched 2.26. With the company’s most recent per share price at $4.09 changing hands around $0.21 or 5.41% at last look, the market valuation stands at $569.20M. WTI’s current price is a discount, trading about -120.29% off … W&T Offshore Inc. (NYSE: WTI): Why Investors Shouldn’t Ditch WTI Stock In 2022 Read More »
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W&T Offshore Inc. (NYSE:WTI)’s traded shares stood at 5.2 million during the last session, with the company’s beta value hitting 2.33. At the close of trading, the stock’s price was $4.03, to imply an increase of 8.33% or $0.31 in intraday trading. The WTI share’s 52-week high remains $9.01, putting it -123.57% down since that … W&T Offshore Inc. (NYSE: WTI) Is Currently -123.57 Percent Below Its 52-Week High, But It Still Offers Strong Upside Potential. Read More »
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Checking in on the oil trade … Luke Lango’s latest forecast for the crypto market … a “coast to coast” housing correction is coming … a risky setup in public pensions Oil investors have gotten nailed in recent weeks. As you can see below, after having topped $120 a barrel in early June, West Texas Intermediate crude plunged to below $105 a barrel a few days ago (though it’s been rallying since). Is the oil trade done? Well, let’s make a distinction between “oil” and “the oil trade.” In other words, there’s a difference between trying to play the spot price of oil itself and investing in energy companies that do well when oil prices are elevated. As to the spot price of oil, news this morning suggests a new tailwind for higher prices – Saudi Arabia and the UAE are redlining output. From Reuters : Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron on Monday said he had been told by the UAE’s president.
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The following slide deck was published by W&T Offshore, Inc.
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Gainers: Fluence Energy (FLNC) +11%. Altus Power (AMPS) +11%Losers: W&T Offshore (WTI) -13%. Northern Oil and Gas (NOG) -12%. Vertex Energy (VTNR) -12%.
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W & T Offshore Inc (WTI) shares closed this week 22.6% lower than it did at the end of last week. The stock is currently up 105.0% year-to-date, up 39.7% over the past 12 months, and up 219.8% over the past five years. This week, the Dow Jones Industrial Average fell 7.2%, and the S&P 500 fell 8.7%. Trading Activity Shares traded as high as $8.78 and as low as $6.59 this week.Shares closed 37.1% below its 52-week high and 114.8% above its 52-week low.Trading volume this week was 4.8% higher than the 10-day average and 16.9% higher than the 30-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price lags the S&P 500 Index this week, beats it on a 1-year basis, and beats it on a 5-year basis The company's share price lags the Dow Jones Industrial Average this week, beats it on a 1-year basis, and beats it on a 5-year basis The company share price lags the performance of its peers in the Energy industry sector this week, lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 194.2% The company's stock price performance over the past 12 months lags the peer average by -43.7%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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W & T Offshore Inc (WTI) shares closed today 14.4% lower than it did at the end of yesterday. The stock is currently up 105.0% year-to-date, up 39.7% over the past 12 months, and up 219.8% over the past five years. Today, the Dow Jones Industrial Average fell 0.4%, and the S&P 500 fell 0.2%. Trading Activity Shares traded as high as $8.78 and as low as $6.59 this week.Shares closed 37.1% below its 52-week high and 114.8% above its 52-week low.Trading volume this week was 4.8% higher than the 10-day average and 16.9% higher than the 30-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price lags the S&P 500 Index today, beats it on a 1-year basis, and beats it on a 5-year basis The company's share price lags the Dow Jones Industrial Average today, beats it on a 1-year basis, and beats it on a 5-year basis The company share price lags the performance of its peers in the Energy industry sector today, lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 194.2% The company's stock price performance over the past 12 months lags the peer average by -43.7%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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W&T Offshore found using ticker (WTI) have now 3 analysts covering the stock. The analyst consensus points to a rating of ''Strong_Buy''. The target price ranges between 9.7 and 6 and has a mean target at 7.4. Given that the stocks previous close was at 8.55 this would imply there is a potential downside of -13.5%. The 50 day moving average now sits at 5.59 and the 200 moving average now moves to 4.39. The market capitalisation for the company is $1,210m. You can visit the company''s website by visiting: https://www.wtoffshore.com [stock_market_widget type="chart" template="basic" color="green" assets="WTI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,047m based on the market concensus. W&T Offshore, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. As of December 31, 2021, the company had working interests in 43 fields in federal and state waters; and under lease approximately 606,000 gross acres, including approximately 419,000 gross acres on the Gulf of Mexico Shelf, as well as approximately 187,000 gross acres in the Gulf of Mexico deepwater.
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The following slide deck was published by W&T Offshore, Inc.
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Gainers Rail Vision Ltd. (NASDAQ: RVSN ) shares climbed 62.4% to close at $2.16 on Wednesday after gaining around 5% on Tuesday. TransMedics Group, Inc. (NASDAQ: TMDX ) jumped 40.3% to close at $30.69 after better than expected Q1 earnings and 2022 guidance. Aclarion, Inc. (NASDAQ: ACON ) jumped 36.6% to settle at $2.35 after declining over 5% on Tuesday. The company had its IPO on April 22. Alaunos Therapeutics, Inc. (NASDAQ: TCRT ) jumped 36% to settle at $0.7547 after jumping around 13% on Tuesday. Bright Health Group, Inc. (NYSE: BHG ) gained 33.3% to close at $2.24 after the company reported better-than-expected Q1 sales results and reaffirmed FY22 guidance. Super Micro Computer, Inc. (NASDAQ: SMCI ) climbed 31.2% to settle at $30.69 after the company reported better-than-expected Q3 EPS and sales results and raised Q4 guidance. Livent Corporation (NYSE: LTHM ) gained 30.3% to close at $28.55 after the company reported better-than-expected Q1 results and raised FY22 guidance. AIkido Pharma Inc. (NASDAQ: AIKI ) jumped 30.1% to settle at $0.4622.
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U.S. stocks traded mixed this morning, with the Nasdaq dropping more than 100 points on Wednesday. Following the market opening Wednesday, the Dow traded up 0.12% to 33,167.07 while the NASDAQ fell 0.89% to 12,452.10. The S&P also fell, dropping, 0.24% to 4 4,165.49. Also check this: Executives Buy Around $1.6M Of 4 Penny Stocks Leading and Lagging Sectors Energy shares climbed 0.9% on Wednesday. Meanwhile, top gainers in the sector included W&T Offshore, Inc. (NYSE: WTI ), up 12% and Indonesia Energy Corporation Limited (NYSE: INDO ) up 4%. In trading on Wednesday, communication services shares fell by 1%. Top Headline Moderna, Inc. (NASDAQ: MRNA ) posted upbeat results for its first quarter. Moderna posted quarterly adjusted earnings of $8.58 per share, exceeding analysts’ estimates of $5.21 per share. The company’s quarterly sales came in at $6.10 billion, versus expectations of $4.43 billion. Moderna reiterated its 2022 signed advance purchase agreements of $21 billion. Equities Trading UP CarParts.com, Inc. (NASDAQ: PRTS ) shares shot up 24% to $8.46 after the company reported better-than-expected Q1 EPS and sales results.
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HOUSTON, July 22, 2021 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) today announced the timing of its second quarter 2021 earnings release and conference call.
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WTI Shrugs Off Unexpectedly Large Crude Inventory Build After the initial tumble last night - after API reported an unexpected build in crude inventories (and big build in gasoline stocks) - oil prices have surged higher overnight and across the US equity market open as all those Monday fears appear to be evaporating once again. Risk-on is the main driver, said Giovanni Staunovo, an analyst at UBS Group AG in Zurich. I still believe oil fundamentals themselves are supportive, but the last 72 hours were primarily driven by shifts in investors attitude to risk. Maybe this morning''s official data will reignote some sense of fundamentals in the energy complex however fleeting. API Crude +806k (-5.4mm exp) Cushing -3.57mm Gasoline +3.31mm (-1.0mm exp) Distillates DOE Crude +2.11mm (-3.7mm exp) Cushing -1.347mm Gasoline -121k (-1.0mm exp) Distillates -1.349mm Analysts expected a 9th straight weekly draw in crude stocks, even after API reported an unexpected build, but were wrong when the official data showed an even bigger 2.11mm barrel increase.
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WTI (futures on Nymex) is paring back gains below $67, having stalled its tepid recovery from two-month lows of $65.61. At the time of writing, the US
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WTI picks up bids to $66.81, up 0.50% intraday, amid Tuesdays Asian session. The black gold dropped to the lowest since late May the previous day aft
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WTI settles down $5.39 to $66.42 I read a great note today from RBC arguing that the physical market is tight inventories continuing to draw down to some of the lowest levels in 6 years. On top of that, China and Indian are refining more than they''re importing so they''ll be back as buyers soon. By Adam Button
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WTI Extends Losses After (Delayed) Inventory Data Firstly, we note that, for the first time that we can recall, the official data was delayed due to a delay in uploading data. We expect to post the #WeeklyPetroleumStatusReport at 11am EDT today. EIA (@EIAgov) July 14, 2021 The delay continued until 1130ET. This is highly unusual for a report that is so fundamental to oil market transparency. * * * After tagging 33-month highs yesterday, oil prices have been chaotic overnight as API inventory data mixed with reports and denials from UAE/OPEC+ over a deal have left WTI lower so far. However, even if a deal is done, timing will remain an issue. Even if OPEC decides to raise output in August, that crude will not reach refineries until after the August peak-demand period will be over, Ed Morse, head of commodities research at Citigroup Inc., said in an email. The next $1 one way or the other may be driven by the official inventory data, as industry watchers would consider APIs report of a nearly 5m bbl build in diesel bearish, if the U.S. government confirms it.
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WTI (futures on Nymex) has turned south towards the midpoint of the $74 level after the recovery ran into offers just shy of the $75 mark. The mixed m
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WTI struggles to keep late Wednesdays bounce off a three-week low around $71.70 amid the early Asian morning on Thursday. The energy benchmarks late
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WTI oil is consolidating in early Wednesday after Tuesdays sharp pullback from new highest level in almost seven years. Oil price fell 3.3% on Tuesday, registering the biggest one-day drop since Apr 5, mainly hit by the failure of OPEC+ group members to agree on extending existing production cuts to the end of next year, [] The post WTI Oil Outlook: Oil Is Consolidating After Tuesdays 3.3% Drop appeared first on Action Forex .
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One For The History Books: A New Control Regime In Oil By Larry McDonald, author of The Bear Traps Report You have to give pause when you think that the only news in markets that mattered today is OPEC+ and what the next move is by them. We live in a world with growing demand, shrinking supply. ESG matters, climate change, inflation, Iran, etc, mean nothing today in the global crude market. All people want to know is what OPEC+ is going to do next. So clearly IT is an important issue for the market before we tackle anything else. The sticking point in the talks the UAE (United Arab Emirates) want a higher baseline after large-scale CAPEX investments in recent years production capacity and wants to boost production by 700mbd. On the other hand, the Saudis do not want to offend the Russians and other players by adjusting the UAE baseline. *BRENT CRUDE SURPASSES $77 PER BARREL FOR FIRST TIME SINCE 2018 Bloomberg Gasoline, Summer Driving Season After the U.S. handed far more control over the price of oil to the Saudis and Russians, consumers are paying the price.
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Oil prices extended gains on Thursday, with the West Texas Intermediate surpassing the $75 threshold and reaching a level last seen in October 2018. The investors were focused on the meeting of the O
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An unexpected jump in gasoline stocks, along with Delta COVID-19 variant concerns and OPEC+ producer group supply uncertainties, are pulling crude oil
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WTI (futures on Nymex) is extending its corrective downside into the second straight day on Tuesday, as the bears gear up for a test of the $72 mark.
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W&T Offshore found using ticker (WTI) have now 3 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 5.5 and 4 with a mean TP of 4.67. With the stocks previous close at 4.88 this would imply there is a potential downside of -4.3%. The 50 day moving average now sits at 4.17 while the 200 day moving average is 3.33. The market cap for the company is $707m. Visit the company website at: /> [stock_market_widget type="chart" symbol="WTI" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] W&T Offshore, an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company sells crude oil, natural gas liquids, and natural gas. It holds working interest in approximately 43 offshore fields in federal and state waters. The company also owns interest in approximately 146 offshore structures.
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WTI Fails to Extend Overnight OPEC+ Gains Despite Big Crude Draw Oil prices are up overnight, with WTI topping $74 (and Brent topping $75 - a fresh two year high), after a bigger than expected crude draw reported by API . Prices were also buoyed by reports that OPEC+ is considering raising production by 500k barrels a day (which is less than the widely expected 1mm b/d). In another supportive voice for oil prices, OPEC Secretary General Mohammad Barkindo said on Wednesday at the meeting of the organizations economic think-tank, the Economic Commission Board (ECB), that the latest market developments point to much better conditions and improved outlooks of the oil market and global economy. U.S. Oil inventories were expected to drop by 6.3 million barrels for the week ended June 18, aided by the lifting of domestic restrictions amid vaccinations, and by exports. However, the emergence of a new variants in regions where vaccinations are slower may pressure the global economic recovery, and with it demand, according to Vince Piazza, senior energy analyst at Bloomberg Intelligence.
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WTI prices remain lackluster, following the latest pullback, around $72.70, down 0.30% intraday, amid the early Asian session on Wednesday. The chatte
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The price gap between the worlds two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil output is still in the COVID-19 doldrums with the market likely to remain undersupplied. North Sea Brent futures traded at a premium of $1.89 to U.S. West Texas Intermediate (WTI) [Read more]
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WTI (futures on Nymex) is wavering in a narrow range on the $70 level so far this Friday, having faced rejection at the $71 threshold. At the time of
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