At the time of writing, W & T Offshore Inc [WTI] stock is trading at $2.54, down -1.93%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WTI shares have gain 1.60% over the last week, with a monthly amount drifted -18.59%, and not seem to be holding up well over a long-time horizon.
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On 18, March 2024, W&T Offshore Announces Liquidity-Enhancing Modifications to the Non-Recourse Term Loan with Munich Re. In a post published today on Yahoo Finance, W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced modifications to the first-lien non-recourse term loan (the “Term Loan”) between its wholly-owned special purpose vehicles (the “SPVs”) and Munich Re Reserve Risk Financing, Inc. (“MRRF”), which is expected to provide additional liquidity to the Company over 2024 without increasing the Company’s net leverage. The Term Loan was initially arranged on May 19, 2021 (“Closing Date”) and had a principal balance of $215 million which has been amortized down to around $114 million as of December 31, 2023. There have been a few alterations to the Credit Agreement signed by the SPVs and MRRF on May 19, 2021 (the “Original Credit Agreement”).
From an analyst’s perspective:
Previously, Stifel upgraded its rating to Buy on October 20, 2021, and elevated its price target to $6.90. On November 05, 2020, upgrade upgraded it’s rating to Equal Weight. ROTH Capital upgraded its rating to a Buy. Stifel downgraded its rating to a Hold and reduced its price target to $2 on March 09, 2020. Stifel started tracking with a Buy rating for this stock on March 08, 2019, and assigned it a price target of $10. In a note dated May 23, 2018, ROTH Capital initiated an Neutral rating and provided a target price of $8.75 on this stock.
For the past year, the stock price of W & T Offshore Inc fluctuated between $2.45 and $5.64. W & T Offshore Inc [NYSE: WTI] shares were valued at $2.54 at the most recent close of the market.
Analyzing the WTI fundamentals
According to W & T Offshore Inc [NYSE:WTI], the company’s sales were 532.66M for trailing twelve months, which represents an -30.24% plunge. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.52 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of12.92.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.50 points at the first support level, and at 2.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.60, and for the 2nd resistance point, it is at 2.67.
W & T Offshore Inc [WTI] reported earnings per share of $0 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.01/share, meaning a difference of -$0.01 and a surprise factor of -100.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.01 per share as compared to estimates of $0.05 per share, a difference of -$0.04 representing a surprise of -80.00%.
Ratios To Look Out For
It is important to note that W & T Offshore Inc [NYSE:WTI] has a current ratio of 1.22. As well, the Quick Ratio is 1.22, while the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 11.94 and price to earnings (TTM) ratio is 24.59.
