W&T Offshore (WTI) Shares are Up 4.08%

W&T Offshore (WTI) has been under a strong bear grip, hence the stock is down -5.65% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.03% in the past 1 week. The stock has risen by 4.08% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.67% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 3.2%. W&T Offshore (NYSE:WTI): The stock was completely flat for the day, closing at $2.04 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $2.04, the stock touched an intraday high of $2.08 and a low of $2.01. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $2.04. The total trading volume on Friday was 707,719.


The company Insiders own 54.08% of W&T Offshore shares according to the proxy statements. Institutional Investors own 29.82% of W&T Offshore shares.

W&T Offshore, Inc. is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties primarily in the Gulf of Mexico and the Permian Basin in West Texas. Its onshore activities are primarily in the Permian Basin in West Texas. The Company owns a platform in the Gulf of Mexico located in a National Marine Sanctuary. The offshore fields are found in water depths ranging from less than 10 feet up to 7,200 feet. Its properties include Spraberry Field (Yellow Rose), Ship Shoal 349 Field (Mahogany), Fairway Field, The Viosca Knoll 783 field, Mississippi Canyon 243 Field (Matterhorn), Main Pass 108 Field, Mississippi Canyon 782 Field (Dantzler), Viosca Knoll 823 Field (Virgo), East Cameron 321 and Main Pass 283.

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