W&T Offshore (WTI) : During the past 4 weeks, traders have been relatively bearish on W&T Offshore (WTI), hence the stock is down -10.99% 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 -2.47% relative to the S&P 500. The 4-week change in the price of the stock is -4.98% and the stock has fallen -1.87% in the past 1 week.
W&T Offshore (NYSE:WTI): The stock opened at $2.19 on Friday but the bulls could not build on the opening and the stock topped out at $2.19 for the day. The stock traded down to $2.10 during the day, due to lack of any buying support eventually closed down at $2.10 with a loss of -3.67% for the day. The stock had closed at $2.18 on the previous day. The total traded volume was 884,951 shares.
The stock has recorded a 20-day Moving Average of 4.13% and the 50-Day Moving Average is 2.74%. W&T Offshore Inc. has dropped 5.41% during the last 3-month period . Year-to-Date the stock performance stands at -9.09%.
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.