InvestorsObserver
×
News Home

W&T Offshore, Inc. (WTI) Stock: What Does the Chart Say Tuesday?

Tuesday, September 27, 2022 02:05 PM | InvestorsObserver Analysts

Mentioned in this article

W&T Offshore, Inc. (WTI) Stock: What Does the Chart Say Tuesday?

Overall market sentiment has been down on W&T Offshore, Inc. (WTI) stock lately. WTI receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
W&T Offshore, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on WTI!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With WTI Stock Today?

W&T Offshore, Inc. (WTI) stock has risen 5.81% while the S&P 500 is down -0.83% as of 1:53 PM on Tuesday, Sep 27. WTI has risen $0.30 from the previous closing price of $5.08 on volume of 2,765,545 shares. Over the past year the S&P 500 has fallen -18.42% while WTI has risen 46.32%. WTI earned $0.91 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.92.

More About W&T Offshore, Inc.

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 the company's revenue, with natural gas accounting for a much smaller portion. Click Here to get the full Stock Report for W&T Offshore, Inc. stock.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App