W&T Offshore Inc. (WTI) had a good day on the market for Thursday October 03 as shares jumped 5.05% to close at $4.16. About 2.28 million shares traded hands on 10,453 trades for the day, compared with an average daily volume of n/a shares out of a total float of 140.69 million. After opening the trading day at $3.91, shares of W&T Offshore Inc. stayed within a range of $4.16 to $3.89.
With today’s gains, W&T Offshore Inc. now has a market cap of $585.27 million. Shares of W&T Offshore Inc. have been trading within a range of $9.73 and $3.62 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
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.
W&T Offshore Inc. is based out of Houston, TX and has some 282 employees. Its CEO is Tracy W. Krohn.
W&T Offshore Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
