WTI Stock Summary and Trading Ideas (W&T Offshore | NYSE:WTI)

W&T Offshore Inc is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it drills for oil and gas. The company engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of company's revenue, with natural gas accounting for a much smaller portion.

W&T Offshore trades on the NYSE stock market under the symbol WTI.

As of April 25, 2024, WTI stock price declined to $2.33 with 2,363,622 million shares trading.

WTI has a beta of 0.41, meaning it tends to be less sensitive to market movements. WTI has a correlation of 0.01 to the broad based SPY ETF.

WTI has a market cap of $342.18 million. This is considered a Small Cap stock.

Last quarter W&T Offshore reported $132 million in Revenue and -$.06 earnings per share. This fell short of revenue expectation by $-6 million and missed earnings estimates by -$.07.

In the last 3 years, WTI stock traded as high as $9.16 and as low as $2.30.

The top ETF exchange traded funds that WTI belongs to (by Net Assets): VTI, IWM, VXF, IWO, VDE.

WTI has underperformed the market in the last year with a price return of -48.6% while the SPY ETF gained +23.6%. WTI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -23.8% and -9.7%, respectively, while the SPY returned +4.1% and -2.1%, respectively.

WTI support price is $2.30 and resistance is $2.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WTI stock will trade within this expected range on the day.