Break Out Ahead? W&T Offshore, Inc. (NYSE:WTI) Stock Consolidates

W&T Offshore, Inc. (NYSE:WTI) is trading slightly lower in the pre-market session, cooling off a bit after a 28% surge in the past MONTH.

Major Trigger:

W&T Offshore Announces Participation in Upcoming Investor Conferences

Key Highlights:

  • announced that the Company will be participating in two upcoming investor conferences.
  • The Company’s senior management will be hosting virtual one-on-one meetings with investors at the Stifel 2021 Virtual Cross Sector Insight Conference on Tuesday, June 8. In addition, Chairman and Chief Executive Officer Tracy W. Krohn will present at the Bank of America Securities Virtual 2021 Energy Credit Conference on Thursday, June 10, 2021 at 2:45 p.m. Eastern Time and management will also host virtual one-on-one meetings.
  • The presentation will be webcast live and archived on W&T’s website, www.wtoffshore.com, on the “Overview” page in the “Investors” section of the site.
  • An updated investor slide deck prepared in conjunction with the conferences has been posted on W&T’s website under “Presentations” in the “Investors” section of the site.

Market Reaction

As of 7:15, WTI is trading at $4.45, down 0.45%. So far more than 500 shares have exchanged hands.

Technical Indicators

SymbolValueResultSymbolValueResult
ADX30.9449BuyATR140.2154
CCI20179.4006BuyChaikin Money Flow0.1905Buy
MACD0.2566BuyMoney Flow Index71.7257Buy
ROC21.1382BuyRSI72.5286OverBought
STOCH (14,3)83.7838OverBoughtSTOCH RSI0.8053OverBought
UO66.1268BuyWilliams %R-16.2162OverBought

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