W & T Offshore Inc (WTI) is Trading Lower on Unusual Volume for January 11

Equities Staff |

W & T Offshore Inc (WTI) experienced unusually high volume on Jan. 11, as the stock lost 12.18% to a closing price of $1.70. The stock saw 2.3 million shares trade hands over the course of the day on 8,759 trades. Given that the stock’s average daily volume over the last month has been 1.32 million shares a day, this represents a pretty substantial spike over the norm.

W & T Offshore Inc has a P/B ratio of -0.27. The stock has traded between $7.18 and $1.90 over the last 52-weeks, its 50-day SMA is now $3.05, and its 200-day SMA $4.19.

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 in the Gulf of Mexico and the Permian Basin in West Texas.

Headquartered in Houston, TX, W & T Offshore Inc has 339 employees and is currently under the leadership of CEO Tracy W. Krohn.

For a complete fundamental analysis analysis of W & T Offshore Inc, check out Equities.com’s Stock Valuation Analysis report for WTI. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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