W&T Offshore (WTI) Shares Slide -5.24%

W&T Offshore (WTI) : During the past 4 weeks, traders have been relatively bearish on W&T Offshore (WTI), hence the stock is down -15.56% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.18% relative to the S&P 500. The 4-week change in the price of the stock is -12.72% and the stock has fallen -5.24% in the past 1 week.

The stock has recorded a 20-day Moving Average of 7.46% and the 50-Day Moving Average is 7.11%. W&T Offshore Inc. has dropped 17.43% during the last 3-month period . Year-to-Date the stock performance stands at -13.85%.


W&T Offshore (NYSE:WTI): On Fridays trading session , Opening price of the stock was $2.06 with an intraday high of $2.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $1.98. However, the stock managed to close at $1.99, a loss of 2.45% for the day. On the previous day, the stock had closed at $2.04. The total traded volume of the day was 1,451,616 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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